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July 5, 2008 8:49:21 AM CDT

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Delta Will Slash 2K Jobs

Posted Mar 18, 08 2:02 PM CDT in Business,  US    Most Covered

(Newser) – Battered by skyrocketing fuel prices, Delta Air Lines will eliminate 2,000 jobs to cut costs, the Atlanta Journal-Constitution reports. With oil prices driving the airline’s fuel expenditures $900 million higher than expected, the carrier will offer buyouts to some 30,000 employees, aiming to cut 1,300 flight attendant and agent positions in addition to 700 administrative jobs, mostly through voluntary severance and hiring freezes.

The staffing cuts are intended to shave $550 million off annual operating costs. To save more money, the carrier will also cut domestic flights by 10% this year, which will result in grounding around 45 jets. Delta’s statement said nothing about the pending merger with Northwest Airlines. President Ed Bastian said the firm was open to consolidation, but that it had to be “the right deal.”

Source Atlanta Journal-Constitution

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Members of Delta Air Lines Inc. flight crew hug as they walk to board the new Boeing 777-200 LR airplane delivered to the airline Friday, Feb. 29, 2008 at Boeing Field in Seattle.   (AP Photo/Ted S. Warren)
A sign for a Delta ticket counter is seen at Seattle-Tacoma International Airport in Seattle in this Feb. 19, 2008 file photo.   (AP Photo/Ted S. Warren, file)
A Delta Airlines Shuttle plane, foreground, taxies on the runway at Washington's Ronald Reagan Washington National Airport, in this Feb. 20, 2008 file photo.   (AP Photo/Haraz N. Ghanbari, file)
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oil prices  • mergers and acquisitions  • merger  • fuel costs  • Northwest Airlines  • Delta Air Lines  • pilot seniority  • voluntary severance


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