Labor & Economic News Blog
Wednesday, March 19, 2008
Delta moves to cut 2,000 jobs, 3.6% of payroll
Delta moves to cut 2,000 jobs, 3.6% of payrollDelta Air Lines, faced with a weak economy, dimmer hopes of a merger with Northwest Airlines Corp. and record fuel prices, said yesterday that it would offer voluntary severance payouts to about 30,000 employees - more than half its work force - and cut U.S. capacity an extra 5 percent.
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