New Delta pay cuts begin today
1st Nov 2005, 14:55 GMT
Pay cuts of up to 10 percent take effect today for Delta Air Lines' nonunion employees — the second time their pay has shrunk in a year as the Atlanta carrier staggers under heavy fuel bills and mounting losses. The pay cuts, announced in September after Delta filed for Chapter 11 bankruptcy protection, will range from 10 percent for senior flight attendants to 7 percent for mechanics. Delta CEO Gerald Grinstein and other executives and directors are also taking pay cuts of up to 25 percent. The airline said the pay cuts, which most employees will see in their Nov. 15 paychecks, won't affect employees making less than $25,000 a year.
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