Delta offers severance payouts

By: Associated Press
By: Associated Press

ATLANTA (AP) -- Delta Air Lines says it will offer voluntary severance payouts to roughly 30,000 employees -- more than half its workforce -- and cut domestic capacity by an extra 5 percent this year.

It's part of an overhaul of Delta's business plan to deal with soaring fuel prices.

Delta -- based in Atlanta -- is the nation's third-largest carrier.

Executives said in a memo to employees today that the airline's goal is to cut 2,000 frontline, administrative and management jobs through the voluntary program, attrition and other initiatives.

A spokeswoman says that if more than that many agree to take the voluntary severance, they will be allowed to. The severance program primarily affects mainline Delta employees. Delta had 55,044 total full-time equivalent employees as of the end of last year.

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