Updated: 4/11/2003; 10:17:25 AM.
economy
Economic stories of interest.
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Thursday, October 17, 2002
Delta to cut up to 8,000 more jobs

Delta Air Lines is cutting 7,000 to 8,000 more jobs to try to stem dramatic financial losses following last year's terrorist attacks and a still sluggish economy.

Chairman and CEO Leo F. Mullin told company employees Thursday that he hoped many of the job reductions, which will include management, could come through voluntary-leave, early retirement and severance programs. If there are not enough volunteers for these programs, the company will lay off workers.

With these latest cuts, Delta has slashed 21,000 jobs, or 25% of its work force since Sept. 11, 2001.

The cuts come two days after the Atlanta-based carrier posted a third quarter loss of $326 million and said it did not see any improvement coming in the near future.



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