Delta to slash up to 7,000 jobs
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Delta Air Lines unveiled changes yesterday that will remake its business, but officials warned that soaring costs still could land the nation&#39;s third-largest carrier carrier in bankruptcy court.
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Delta Air Lines Inc.&#39;s 7,000 pilots began 10 days of voting on a union contract proposal that would cut their salaries by nearly a third, while the company announced it secured another $500 million in financing to help the ailing airline stave off
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Delta Air Lines Inc.  said on Thursday that it would order 10 Boeing 737-700 aircraft and convert five firm orders for 777-200ERs to longer-range 777-200LRs, but it would sell a number of planes it has already ordered from Boeing Co.  as it tries to emerge from bankruptcy.
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Delta Air Lines Inc. said it will cut pay 10 percent for executives and most other employees to help reduce costs as the company tries to avoid filing for bankruptcy protection.
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Delta Air Lines Inc. chief executive Gerald Grinstein said his plan to turn around the struggling carrier includes more job cuts.
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Delta Air Lines plans to close its Boston reservations call center Sept. 1, a move that will eliminate about 353 positions.
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No. 3 U.S. airline Delta Air Lines Inc.  DAL.N, fighting to avoid bankruptcy, on Wednesday said it  will sell up to 75 million common shares, sparking a 4 percent  drop its stock.
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ATLANTA Delta Air Lines Inc.&#39;s chief executive said yesterday he is declining his six-figure salary for the rest of the year as he detailed a 10 percent pay cut that will affect senior officials, administrative staff and ticket and gate agents.
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ATLANTA - Delta Air Lines will cut up to 7,000 jobs, reduce wages and pull back at its Dallas-Fort Worth airport hub as part of a sweeping restructuring plan that could still leave it vulnerable to bankruptcy, company CEO Gerald Grinstein said Wednesday.    The job cuts representing about 10 percent of its overall work force will come over the next 18 months, Grinstein said during a meeting with 300 of the company's middle managers...
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At least 7,000 jobs are set to be lost at computer firm Dell after it said it would cut its global workforce by about 10%.
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ATLANTA -- Delta Air Lines pilots handed the struggling airline a huge victory yesterday in its effort to avoid bankruptcy, agreeing to slash their salaries by more than $1 billion annually and forgo pay raises through 2009.
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AT&T Corp.  will cut about 7,000 jobs and reduce the value of its assets by &#36;11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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Delta Air Lines DAL.N on Tuesday said  it would reduce the pay of executives and frontline employees  by 10 percent as of Jan. 1 as part of its drive to slash costs  and avoid bankruptcy.
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Delta Air Lines Inc. (NYSE: DAL) is eliminating its Dallas/Fort Worth Airport connecting hub, dropping some daily flights from the airport, and cutting between 6,000 and 7,000 jobs throughout its system over
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Delta will cut up to 10 percent of its work force over the next 18 months as part of a restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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Indianapolis, Sept. 8 - The news hit an already suffering industry hard. Delta Airline&#39;s restructuring calls for a reduction of ten percent of its workforce, or about 7,000 people.
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Cingular Wireless has said it plans to cut at least 10 percent of its workforce -- some 7,000 jobs -- over the next year and a half.