Delta to Cut Up to 7,000 Jobs in 18 Months
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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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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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AT&amp;T Corp. announced yesterday that it is cutting at least 7,500 more jobs and slashing the value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan
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Pilots at US Airways Group Inc. have ratified a contract that will cut their pay by 18 percent and increase their flight load through 2009.
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Atlanta | Delta Air Lines is cutting the pay of executives, administrative staff and front-line employees 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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he pilots&#39; union at Delta Air Lines said last night that an &quot;unusually high&quot; number of pilots planned to retire early in October because of concerns about the airline&#39;s deteriorating financial situation.
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Delta Air Lines Inc., the number three  U.S. carrier, plans more job cuts as it struggles to avoid  bankruptcy, Chief Executive Gerald Grinstein said in a memo to  employees on Wednesday.
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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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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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The kind of changes planned at Delta Air Lines, changes that include the loss of up to 7,000 more jobs, reflect needed change throughout the industry, a Clayton College and State University professor says.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, the union says.
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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 Inc. DAL.N, fighting  to avoid bankruptcy, will issue up to 75 million shares to  employees and creditors. The news sparked a 5 percent drop its  stock on Wednesday.
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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 plans to close its Boston reservations call center Sept. 1, a move that will eliminate about 353 positions.
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Company plans to cut up to 7000 jobs this year as it transitions to digital technologies.
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Delta Air Lines Inc. DAL.N, 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.