Delta can avoid most job cuts but still supports more gov't aid, CEO says
Source: Reuters
BUSINESS NEWS
SEPTEMBER 15, 202010:05 AM UPDATED 17 MINUTES AGO
CHICAGO (Reuters) - Delta Air Lines DAL.N will avoid involuntary furloughs for frontline employees on Oct. 1 except for pilots, but will continue to reduce work hours and executive pay through the end of the year, Chief Executive Ed Bastian said in a memo to employees on Tuesday.
Delta's major rivals American Airlines AAL.O and United Airlines UAL.O have warned that more than 40,000 frontline jobs are at risk without an extension of federal aid that has kept employees on payroll through this month as airlines suffer a deep downturn due to the coronavirus pandemic.
Atlanta-based Delta can avoid furloughs because of strong demand for voluntary programs that have lightened its staffing and a 25% reduction in work-hours, which it is extending through the end of the year, Bastian said in the memo, which was reviewed by Reuters.
In addition, Bastian will forego his salary and continue to reduce officers’ salaries by 50% this year.
Reporting by Tracy Rucinski; Editing by Steve Orlofsky
Read more: https://www.reuters.com/article/us-health-coronavirus-delta-air-jobs/delta-can-avoid-most-job-cuts-but-still-supports-more-govt-aid-ceo-says-idUSKBN2662B9?il=0
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Isn't that nice the CEO is going to forestall his pay by 50%...............after all his pay is over 300% above some of the front line workers salary.............so what is a 150% pay cut......................
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