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Thursday, Sep 09, 2004

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Logistics - Airlines

Delta Air to cut 7,000 jobs

Sridhar Krishnaswami

Washington , Sept. 8

DELTA Airlines will be cutting 10 per cent of its overall work force in the next 18 months, its Chief Executive Officer, Mr Gerald Grinstein, said.

This means that up to 7,000 jobs will be cut. Delta has also announced that it will no longer be using Dallas-Fort Worth airport as one of its four major hubs and instead the centres in Cincinnati and Salt Lake City will be expanded.

The company has said that there will be a 15 per cent reduction in administrative overheads that will include management cuts.

In spite of all the announced measures, Mr Grinstein said that bankruptcy is a real possibility. "We are working hard and fast to avoid it. But if the pilot early retirement issue is not resolved before the end of the month or if all of the pieces don't come together in the near term, we will have to restructure through the courts," he added.

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