Delta to Cut 6,000-6,900 Jobs
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Delta Air Lines on Wednesday said it  plans to cut between 6,000 and 6,900 jobs during the next 18  months, implement a 10 percent across-the-board pay reduction  and reduce employee benefits in a bid to avoid bankruptcy.
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Continental Airlines Inc.  CAL.N  said on Thursday it plans to cut about 425 management and  clerical jobs through staff reductions, attrition and the  elimination of unfilled positions to save about $200 million in  pretax costs.
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Delta Air Lines Inc. DAL.N on  Wednesday said it will cut 6,000 to 7,000 jobs, or about 10  percent of its work force, over the next 18 months and drop  Dallas/Fort Worth as a hub as it tries to avert bankruptcy.
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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 Inc. DAL.N said on  Wednesday it would cut 6,000 to 7,000 jobs, or about 10 percent  of its work force, over the next 18 months and drop Dallas/Fort  Worth as a hub as it tries to avert bankruptcy.
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ATLANTA - Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.    But even with those changes - part of a $5 billion cost-saving program - CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September...
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ATLANTA -- Struggling Delta Air Lines Inc. plans additional job cuts as part of its effort to avoid bankruptcy, chief executive Gerald Grinstein said yesterday in a memo to employees.
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ATLANTA - 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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The friendly skies aren&#39;t so friendly to some Delta employees. The airline plans to cut 7,000 jobs in the next 18 months. It&#39;s trying to save $5 billion by 2006, and that means some major changes.
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Delta Air Lines' chief executive yesterday said he is declining his six-figure salary for the rest of the year as the airline cuts by 10 percent the pay of executives, ticket and gate agents, and other nonunion workers.
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TOULOUSE, France  - European plane maker Airbus will sell all or part of six of its 16 production sites and slash 10,000 jobs at the company and its suppliers as part of a restructuring plan to cut costs and deal with the decline of the dollar, a leading trade union said.
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Delta Air Lines pilots have agreed to slash their salaries by nearly a third and forgo pay raises for five years to help the struggling airline avoid bankruptcy, their union announced Thursday.
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Delta Air Lines  on Wednesday said it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits.
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Workers at struggling Delta Air Lines will see their pay cut by 10 percent, their health care premiums go up and their vacation time trimmed under a cost-saving plan announced Tuesday.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines, attempting to avert bankruptcy, said Wednesday it aims to cut $5 billion in annual costs by slashing nearly 12 percent of its work force, dropping Dallas-Fort Worth as a hub, and trimming its fleet of planes.
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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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Delta Air Lines Inc.  Chief Executive Gerald Grinstein on Wednesday said his transformation plan for the struggling No. 3 U.S. airline would include 6,000 to 7,000 job cuts over the next 18 months and a dehubbing of its Dallas/Fort Worth operation.