Delta Airlines has offered voluntary buyouts to most of its employees in an attempt to cut jobs and implement cost-cutting measures. The program was announced the week of December 13, 2008. According to Delta executives, most of the airline's 75,000 employees will be eligible for the program.AJC: Buyout info trickles out (December 13, 2008)
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Fast Facts
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Buyout eligibility begins January 15, 2009 and ends January 31, 2009MN Star Tribune: Delta offers buyouts (December 12, 2008)
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Eligible employees notified by December 17, 2008AJC: Buyout info trickles out (December 13, 2008)
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Delta plans to trim its flight capacity between 6 and 8 % in 2009AJC: Buyout info trickles out (December 13, 2008)
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Specific number of jobs to be cut is unknown as of December 14, 2008AJC: Buyout info trickles out (December 13, 2008)
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Delta's New York Stock Exchange symbol
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Analysts believe airlines will make additional job cuts in 2009AJC: Buyout info trickles out (December 13, 2008)
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Delta cut 4,000 jobs earlier in 2008 before its April 2008 merger with Northwest Airlines. The new severance program is two-tiered. The first tier is for employees who are close to retirement age and have at least 10 years of service. The second tier is for employees who have more than 5 years of service or who were hired before January 1, 2009.AJC: Buyout info trickles out
