Delta Looks At Restructuring | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.19.25

Airborne-NextGen-05.20.25

AirborneUnlimited-05.21.25

Airborne-AffordableFlyers-05.22.25

AirborneUnlimited-05.23.25

Fri, Aug 20, 2004

Delta Looks At Restructuring

Job Cuts Could Be In Store

Financially troubled Delta Airlines appears ready to make good on its promise of a major restructuring that could leave a lot of its workers out in the cold.

In a memo to employees sent Wednesday, Delta CEO Gerald Grinstein said his plan to reinvent the airline comes with a hefty price tag. "Regrettably, one of the consequences will be fewer jobs and additional changes to pay and benefits for all our employees as we make operational changes to achieve the necessary cost savings," Grinstein wrote. He was quoted by Reuters.

It's no secret that cutting labor is high on Grinstein's list of things to do as he tries to save the world's number-three airline. Grinstein met with union pilots Thursday in an effort to get $1 billion in concessions from them -- half of what the airline says it needs this year to stave off bankruptcy.

The union, which has steadfastly refused to make major the concessions Delta says it needs to stay afloat, says it's studying the company proposal.

FMI: www.delta.com, www.alpa.org

Advertisement

More News

NTSB Prelim: Lee Aviation LLC JA30 SuperStol

A Puff Of Smoke Came Out From The Top Of The Engine Cowling Followed By A Total Loss Of Engine Power On May 9, 2025, about 1020 mountain daylight time, an experimental amateur-buil>[...]

Classic Aero-TV: Curtiss Jenny Build Wows AirVenture Crowds

From 2022 (YouTube Edition): Jenny, I’ve Got Your Number... Among the magnificent antique aircraft on display at EAA’s AirVenture 2022 was a 1918 Curtiss Jenny painstak>[...]

ANN's Daily Aero-Term (05.30.25): Very High Frequency (VHF)

Very High Frequency (VHF) The frequency band between 30 and 300 MHz. Portions of this band, 108 to 118 MHz, are used for certain NAVAIDs; 118 to 136 MHz are used for civil air/grou>[...]

Aero-News: Quote of the Day (05.30.25)

“From approximately November 2021 through January 2022, Britton-Harr, acting on behalf of AeroVanti, entered into lease-purchase agreements for five Piaggio-manufactured airc>[...]

Classic Aero-TV: Quest Kodiak Enhances Migration Monitoring Programs

From 2008 (YouTube Edition): US Fish and Wildlife Service Chooses The Kodiak To Monitor Waterfowl Populations Waterfowl all over North America may soon have to get used to a new ab>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC