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Union Rejects Deal, United Air Lines Stock Plunges

NPR | By Brian Naylor

Published November 28, 2002 at 10:00 PM MST

Investors dumped stock in United Air Lines after a mechanics union rejected a contract deal with the nation's second-largest air carrier. The mechanics are the only union group not to agree to givebacks to the struggling airline, which is trying to avoid bankruptcy protection. NPR's Brian Naylor reports. (3:30)