RE: Delta Air to Cut as Many as 9,000 Jobs in Bankruptcy

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doni

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RE: Delta Air to Cut as Many as 9,000 Jobs in Bankruptcy

posted on Sep 22, 2005 01:33PM

``The airline, which has posted losses of almost $10 billion in the past four years,``

``Delta is also trying to defer contributions to its employee pension funds by lobbying for changes to U.S. law. The company has $3.15 billion due to the funds over the next two years.``

``United Airlines and US Airways Group Inc. terminated their pension plans in bankruptcy, shifting the burden to a federal insurer and adding to employee compensation losses.``

``Northwest has been working with Delta on seeking pension law changes that will allow it too to delay contributions to its employee plans.``

Whata bet ``delay`` and ``defer`` turn into something else as they spread their stories of struggling business horrors begging in CH11 for the hand out?