Delta plans to cut 10% of staff
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Delta Air Lines is planning to cut 7,000 jobs, or about 10% of its workforce, as the US carrier fights to avoid bankruptcy.
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Delta Air Lines said it would cut 12 percent of its work force and said a bankruptcy filing was a real possibility."
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Delta Air Lines on Wednesday said it plans to cut between 6,000 and 6,900 jobs during the next 18 months, implement a 10 percent across-the-board pay reduction and reduce employee benefits in a bid to avoid bankruptcy.
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Delta Air Lines Inc.&#39;s chief executive said Tuesday he is giving up his six-figure salary for the rest of the year as he detailed a 10 percent pay cut that will affect senior officials, administrative staff and ticket and gate agents.
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Dell also announced that it would lay off 10 percent of its work force over the next year in order to reduce costs.
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Delta Air Lines Inc.  Chief Executive Gerald Grinstein on Wednesday said his transformation plan for the struggling No. 3 U.S. airline would include 6,000 to 7,000 job cuts over the next 18 months and a dehubbing of its Dallas/Fort Worth operation.
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Delta Air Lines Inc. DAL.N said on  Tuesday it will cut wages by 10 percent and its chief executive  will go unpaid for the rest of the year, but it still warned of  bankruptcy within weeks unless more cuts are made.
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Information provider VNU  said on Monday it planned to cut 4,000 positions and shave 10 percent from its cost base next year.
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elta Air Lines said yesterday that it was cutting the pay of executives and other salaried workers by 10 percent and making other changes meant to help it avoid a bankruptcy filing.
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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Intel, the world's largest computer chip manufacturer, will cut 10,500 jobs, or about 10% of its total staff.
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At least 100 Delta Air Lines pilots are expected to retire effective Wednesday, the start date for a 32.5 percent pay cut agreed to in a $1 billion concessions package to help save the nation's third largest air carrier from bankruptcy.
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US Airways Group Inc. plans to eliminate "hundreds" of management and nonunion jobs and cut top executives' pay by between 5 and 10 percent.
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SAN FRANCISCO (CBS.MW) -- Delta Air Lines, attempting to avert bankruptcy, said Wednesday it aims to cut $5 billion in annual costs by slashing nearly 12 percent of its work force, dropping Dallas-Fort Worth as a hub, and trimming its fleet of planes.
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A union representing 5,200 flight attendants at bankrupt carrier US Airways have agreed to a new contract that cuts pay by nearly 10%.
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Delta Air Lines DAL.N on Tuesday said  it would reduce the pay of executives and frontline employees  by 10 percent as of Jan. 1 as part of its drive to slash costs  and avoid bankruptcy.
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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) said on Tuesday it will cut wages by 10 percent and its chief executive will go unpaid for the