Labor & Economic News Blog


Tuesday, March 20, 2007

Delta to share $480M with 39,000 employees

Delta to share $480M with 39,000 employees
About 39,000 Delta Air Lines employees will share $480 million in lump-sum payouts and equity in the company when the nation's third-largest carrier emerges from Chapter 11 protection in May, according to material to be disclosed in a bankruptcy court filing today. The cash payment for non-contract employees is based on 8 percent of their 2006 earnings, or a total of $130 million.

 



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