Delta Hires International Marketing Firm
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Delta Air Lines Inc., struggling to avoid bankruptcy, has hired an international marketing firm to help reshape its image. Terms of the deal between Atlanta-based Delta and New York-based Ogilvy
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Delta Air Lines Inc. could file for Chapter 11 bankruptcy protection as soon as next week, a source familiar with the matter said yesterday.
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(InfoWorld) - IBM reported on Mar. 2 that it has signed American Airlines as its latest major human resources outsourcing customer, announcing a $217 million deal to take over much of the airline's personnel operations. TheÂ technology services giant reported that it will support HR functions including training, recruitment, and staffing -- along with related IT and call center support -- for all of American's 88,000 employees in the United States and Canada. Big Blue won the deal in tandem withÂ consultants Mercer HR Services, which will cover health and benefits and pension and payroll management aspects of the seven-and-a-half year contract. The deal with American represents only the latest in a string of major outsourcing agreements won by IBM, including anÂ IT services pact with rival Delta AirlinesÂ signed in Aug. 2006. Terms of the Delta agreement weren't made public, but IBM reported that it would partner with the airline's internal technology group to help oversee IT mainframe services and other infrastructure management operations. In July 2006, IBM announced another sizable HR services outsourcing deal, signing retailer CVS Pharmacy to a 10-year agreement covering many of the same business processes involved in the American Airlines contract. CVS cited the need to help patch together the 55,000 new employees it added over a two-year span of acquisitions as the primary motivation behind its outsourcing strategy. American, a subsidiary of AMR, said it is hoping the outsourcing pact can help it drive down costs and improve services for employees as well as find new ways to offer access to HR tools to workers. Representatives with AMR said that the company expects to save a total of $60 million over the course of the outsourcing arrangement with hopes to cut an additional $2 million per year in related administrative expenses. American will transfer the work currently being handled by roughly 200 of its employees via the agreement, said AMR spokeswoman Susan Gordon. A small number of those workers will be transferred over to IBM and the remaining people moved into other HR roles at the airline. A major element of the decision making process -- carried out by American over the last year-and-a-half -- was the consideration of IBM's ability to further modernize and streamline American's HR-related IT operations, she said. "The ability to work with IBM and take advantage of the technologies and processes they have in place was a key factor in this decision," said Gordon. "American will retain responsibility for strategy through the partnership with the transition of functions taking place over a period of two years." Researchers at Gartner estimated that the market for HR-related business process outsourcing reached $24.6 billion in 2006, a roughly 5 percent gain over 2005. However, the research firm has also predicted that some services providers might struggle with profitability during 2007, impeding growth of the U.S. sector of the market specifically. HR remains the largest segment of the worldwide business outsourcing market at 18.7 percent, Gartner reported, with payroll and benefits administration ranking as the most popular tasks that are being farmed out to service providers. According to a report published by researchers at Boston-based Ovum Summit in Aug. 2006, IBM topped rivals, including CA, Hewlett-Packard, and BMC Software, in several categories of a recent customer poll, winning praise as the industry's "most strategic IT management software vendor."
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Delta Air Lines and its subsidiary employ 8,000 people in Greater Cincinnati, control 90 percent of the departures at Cincinnati/Northern Kentucky International Airport and contribute 76 percent of the landing fees that fund the airport&#39;s operation.
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Sainsbury's opens its books to the Qatar-based investment firm Delta Two which is planning a Â£10.3bn bid.
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No. 3 US airline gets commitment from GE Commercial Finance as it looks to avoid bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Gerald Grinstein put bankrupt Delta Air Lines back in line to take on the leaders. His strategy: Be nice to your customers and employees.
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James Whitehurst, Delta Airlines' former chief operating officer and a former programmer, will replace CEO Matthew Szulik on January 1.
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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.
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Air France-KLM Group ,  Europe's biggest airline, plans to invest in a combined Delta  Air Lines Inc  and Northwest Airlines Corp   carrier in exchange for a board seat, Bloomberg said on its  Website on Wednesday.
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Some bondholders of Delta Air Lines  Inc.  have begun organizing an informal group to  support US Airways Group Inc.'s  $8.78 billion takeover  offer for the bankrupt carrier, a source close to the matter  said on Wednesday.
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The conference call revealed among other things, the company's initial steps to expand internationally.
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Delta Air Lines Inc. said Monday it has obtained up to $600 million in new financing as the struggling carrier seeks to avoid bankruptcy.
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Delta Air Lines Inc. , the No. 3 U.S. carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between 1,600 and 1,800 supervisory and administrative personnel as part of a previously announced plan to cut total staffing by 7,000.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) , the No. 3 US carrier, said on Sunday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between
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Delta Air Lines will cut up to 7,000 jobs, or 10 percent of its overall work force, during the next 18 months, company CEO Gerald Grinstein said Wednesday.
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Gerald Grinstein, head of Delta, discussed the recent takeover battle and Deltaâs future.