Delta Aims to Cut Jobs 12%, Drop a Hub and Reduce Pay
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elta Air Lines announced yesterday that it would cut 12 percent of its work force over the next 18 months and said a bankruptcy filing would be &quot;a real possibility&quot; as soon as the end
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Delta Air Lines is cutting pay, increasing employees&#39; share of health-care coverage and trimming retirement benefits - all to stave off bankruptcy.
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More job cuts are in store at Delta Air Lines as the struggling US carrier tries to avoid bankruptcy court.
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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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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  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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CHICAGO - Delta Air Lines (DAL) said Wednesday it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10% across-the-board pay reduction and reduce employee benefits.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) said on Wednesday it would cut 6,000 to 7,000 jobs, or about 10 percent of its work force, over the next 18
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In an effort to avoid bankruptcy Delta Air Lines Inc. announced that it is eliminating  7,000 jobs, closing its Texas hub and seeking wage concessions from its pilots.
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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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At least 100 Delta Air Lines (nyse: DAL - news - people ) pilots are expected to retire effective Wednesday. That&#39;s the starting date for the 32.5% pay cut agreed upon under Chief Executive Gerald Grinstein&#39;s master plan.
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Troubled Delta Air Lines and its pilots late last night reached a tentative agreement that is expected to allow the company to significantly cut its operating costs and avoid bankruptcy, a union official announced.
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Delta Air Lines Inc.&#39;s chief executive said Tuesday he is giving up 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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Delta Air Lines Inc., the No. 3 U.S. carrier struggling to avoid bankruptcy, has slashed its U.S. fares, an industry analyst said, in a move industry watchers fear could trigger a price war.
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Description: Delta Airline pilots agree to a 32 percent pay cut to help the airline avoid bankruptcy. Analysts say it&#39;s not yet clear whether those cuts will be enough to put Delta back in the black.
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Delta Air Lines&#39; much-awaited turnaround plan will include more job cuts at the ailing carrier, along with pay and benefits changes.