Delta Looks At Restructuring | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.01.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Fri, Aug 20, 2004

Delta Looks At Restructuring

Job Cuts Could Be In Store

Financially troubled Delta Airlines appears ready to make good on its promise of a major restructuring that could leave a lot of its workers out in the cold.

In a memo to employees sent Wednesday, Delta CEO Gerald Grinstein said his plan to reinvent the airline comes with a hefty price tag. "Regrettably, one of the consequences will be fewer jobs and additional changes to pay and benefits for all our employees as we make operational changes to achieve the necessary cost savings," Grinstein wrote. He was quoted by Reuters.

It's no secret that cutting labor is high on Grinstein's list of things to do as he tries to save the world's number-three airline. Grinstein met with union pilots Thursday in an effort to get $1 billion in concessions from them -- half of what the airline says it needs this year to stave off bankruptcy.

The union, which has steadfastly refused to make major the concessions Delta says it needs to stay afloat, says it's studying the company proposal.

FMI: www.delta.com, www.alpa.org

Advertisement

More News

Aero-News: Quote of the Day (04.17.24)

"Sometimes, growth makes it easy to miss the little things, and today's "little guy" is smarting more than ever just looking at the price tags of "cheap" aircraft. Poberezny, seein>[...]

ANN's Daily Aero-Linx (04.17.24)

Aero Linx: Space Medicine Association (SMA) The Space Medicine Association of the Aerospace Medical Association is organized exclusively for charitable, educational, and scientific>[...]

Airborne-Flight Training 04.17.24: Feds Need Controllers, Spirit Delay, Redbird

Also: Martha King Scholarship, Montaer Grows, Textron Updates Pistons, FlySto The FAA is hiring thousands of air traffic controllers, but the window to apply will only be open for >[...]

Airborne 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]

Airborne 04.11.24: SnF24!, King's 50th, Top Rudder, Aileronics

Also: Flight Club, Jet Shades, MyGoFlight’s FlightFlix Acquisition FIFTY YEARS! What a milestone for the aviation world’s master aero-education duo! John, Martha, along>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC