Delta to Cut 13,000 Jobs, Trim Schedule

Published: 27 September 2001 y., Thursday
With the cuts, Delta joins every major U.S. air carrier except Southwest Airlines Co. in slashing jobs and schedules in the aftermath of the attacks by hijacked airliners that destroyed the World Trade Center in New York and damaged the Pentagon outside Washington. The attacks led to the shutdown of U.S. commercial aviation for two days, the introduction of costly security measures, and left many too afraid to fly. Congress and President Bush approved a $15 billion aid package for airlines earlier this week in an effort to stave off bankruptcies. Delta's job cuts come on top of about 100,000 jobs cuts already announced so far by the ten biggest U.S. carriers. Last week, American announced it would to lay off at least 20,000 employees; United, 20,000; and Northwest, 10,000. Also, Boeing announced it was laying off up to 30,000 employees by the end of next year. Atlanta-based Delta last week had said it would be unveiling job cuts as part of moves to reduce the size of its operations by 15 to 20 percent.
Šaltinis: foxnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EP budget: tackling Lisbon challenges and preparing for enlargement

The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia. more »

MEPs call for closer ties between universities and industry

Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament. more »

Elena Salgado presents the Spanish plan to save 15 billion euros at the Eurogroup and ECOFIN meetings

The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May. more »

Commission opens in-depth inquiry into €20 million capital injections into Elan of Slovenia

The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia. more »

European economy making tentative recovery

GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns. more »

EESC for comprehensive financial regulation

The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis. more »

The Eurogroup leaders conclude the Greek aid process and examine the progress of the crisis

Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday. more »

Shanghai 2010 - a first for the EU

The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience. more »

Shanghai World Expo wows the crowds

Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention. more »

EIB supports upgrade and extension of electricity transmission network in Hungary with EUR 150 million

The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary. more »