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Delta Air Lines is cutting 7,000 to 8,000 more jobs to try to stem dramatic financial losses following last year s terrorist attacks and a still sluggish economy.Chairman and CEO Leo F. Mullin told company employees Thursday that he hoped m
stanley website any of the job reductions, which will include management, could come through voluntary-leave, early retirement and severance programs. If there are not enough volunteers for these programs, the company will lay off workers.With these latest cuts, Delta has slashed 21,000 jobs, or 25 percent of its work force, since Sept. 11, 2001.The cuts come two days after the Atlanta-based carrier posted a third-quarter loss of $326 million and said it did not see any improvement coming in the near future. In the current environment, with a high number of available seats and a low level of passenger demand, traffic continues to be stimulated primarily by f
stanley cups uk are sales that have driven revenue down to levels last seen in 1995, Mullin said in a memo to employees. Until demand returns and business conditions otherwise improve, Delta s survival and our potential for future success requires that we maintain tight control of all facets of the business. The job cut announcement helped Delta stock, as shares gained 61 cents, or 7 percent, to $9.11 in afternoon trading Thursday on the New York Stock Exchange.Airlines are struggling to recover record losses sin
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