Labor & Economic News Blog
Monday, March 17, 2008
Delta offers severance payouts to 30,000 employees
Delta offers severance payouts to 30,000 employeesAirline will cut capacity by extra 5% as part of overhaul Delta Air Lines said today it will offer voluntary severance payouts to roughly 30,000 employees -- more than half its work force -- and cut domestic capacity by an extra 5 percent this year as part of an overhaul of its business plan to deal with soaring fuel prices.
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