UPDATE 3-Delta to cut wages 10 percent, CEO forgoes pay
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) said on Tuesday it will cut wages by 10 percent and its chief executive will go unpaid for the
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Delta Air Lines&#39; pilots Thursday overwhelmingly approved a $1 billion package of concessions that cuts their pay by nearly a third but may pull the financially beleaguered carrier from the brink of bankruptcy.
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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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ATLANTA Delta Air Lines is cutting the pay of executives, administrative staff and ticket and gate agents by 10 percent, increasing the shared cost of health care coverage and making changes to retirement benefits as part of its turnaround plan.
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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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Delta Air Lines&#39; 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
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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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Delta Air Lines, the third-largest carrier in the United States, announced Wednesday it will cut 7,000 jobs -- 10 percent of its workforce -- during the next 18 months and will slash wages.
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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.
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NEW YORK, USA  - Delta Air Lines announced an aggressive restructuring plan yesterday that would cut 6,000 to 7,000 jobs and slash costs, while warning that bankruptcy remains &quot;a real possibility&quot;.
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Delta Air Lines pilots, who resisted pay cuts for three years as their employer flew ever closer to bankruptcy, have voted to slash their own compensation to save the airline.
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US Airways plans to cut its executive payroll by 20 percent, reducing pay and benefits for its 3,000 managers and eliminating positions, said a newspaper report Wednesday.
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Delta Air Lines will cut up to 7,000 jobs, reduce pay for other workers and close its Dallas hub as part of an effort to slash nearly $3 billion more in annual costs and chart a course toward financial recovery.
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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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Delta Air Lines Inc.&#39;s CEO said Tuesday he declined 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 cuts domestic fares by as much as 50% as part of continuing efforts to ensure its financial survival.
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Struggling German department store owner KarstadtQuelle says it must cut staff wages by up to 10% in an effort to avoid job cuts.