Delta to Cut Employee Pay 10 Percent
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Delta Air Lines Inc. DAL.N on Tuesday  said it will reduce executive and employee pay by 10 percent  starting in January and its CEO will go unpaid for the rest of  the year as it tries to cut costs to avert bankruptcy.
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ATLANTA - Delta Air Lines will cut up to 7,000 jobs, reduce wages and pull back at its Dallas-Fort Worth airport hub as part of a sweeping restructuring plan that could still leave it vulnerable to bankruptcy.    The job cuts representing about 10 percent of its overall work force will come over the next 18 months, Delta chief executive Gerald Grinstein said Wednesday during a meeting with 300 of the company's middle managers...
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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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Delta Air Lines said Wednesday that it would cut 6,000 to 7,000 jobs over the next 18 months as part of a sweeping restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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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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Delta Air Lines yesterday announced plans to cut up to 6,900 jobs over the next 18 months as it struggles to avoid bankruptcy. The airline is in the midst of a restructuring designed to cut $5bn (Â£2.
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NEW YORK -- Delta Air Lines Inc. , the number three US carrier, said yesterday 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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Cost cuts are part of its effort to avoid bankruptcy; CEO will skip salary for the remainder of &#39;04. CHICAGO  - Delta Air Lines said Tuesday it would reduce the pay of executives and frontline employees by 10 percent as of Jan.
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ATLANTA - Delta Airlines Inc. is hoping its pilots&#39; union will approve a steep pay cut to help the company avoid bankruptcy. Delta pilots, currently among the highest paid in the nation with salaries that
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elta Air Lines said yesterday that it was cutting the pay of executives and other salaried workers by 10 percent and making other changes meant to help it avoid a bankruptcy filing.
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SAN FRANCISCO (CBS.MW) - Delta Air Lines CEO Gerald Grinstein will forgo his salary for the rest of year as part of a cost savings plan that will cut executive salaries by 10 percent, the floundering airline said Tuesday.
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Deal cuts pilots&#39; pay by one third, saves $1Ba year, avoids bankruptcy at No. 3 airline -- for now. NEW YORK (CNN/Money) - Delta Air Lines&#39; pilots union said early Thursday it had reached a tentative agreement
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The scandal-beset company will also lay off about 10 percent of its work force.
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US Airways has said that it is cutting 10 percent of its top salaried and management jobs and reducing the pay and benefits of white-collar workers in an effort to save $45 million a year.
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Delta Air Lines Inc.&#39;s 7,000 pilots began 10 days of voting on a union contract proposal that would cut their salaries by nearly a third, while the company announced it secured another $500 million in financing to help the ailing airline stave off
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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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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.