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Delta to Cut Up to 7,000 Jobs

This just in...

By THE ASSOCIATED PRESS
Published: September 8, 2004

EXCERPT
ATLANTA (AP) -- Delta Air Lines is axing up to 7,000 jobs, cutting employee wages and shedding its Dallas hub as part of a sweeping turnaround plan aimed at helping the nation's third largest carrier cope with high fuel costs and competition from low-fare rivals.

But even with those changes -- part of a $5 billion cost-saving program -- CEO Gerald Grinstein warned on Wednesday Delta would seek bankruptcy court protection if Delta can't slow the pace of pilot retirements by the end of September.

Read entire article at NY Times website
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