Frank Lorenzo
Well-known member
- Joined
- Feb 1, 2006
- Posts
- 295
This is what I meant when I said furlough protection isn't worth the paper it is printed on.
There will obviously need to be thousands of jobs cut when and if this "merger" takes place. No matter how obvious the cuts are linked to the fallout from the merger, it will always be blamed on "high oil."
Delta-NW merger would axe 1,000 headquarters jobs
By MARILYN GEEWAX
The Atlanta Journal-Constitution
Published on: 04/24/08
Washington — The proposed merger of Delta and Northwest airlines would result in about 1,000 job losses among headquarters workers, the two carriers' chief executive told congressional committees Thursday.
Those layoffs and other cost savings would be needed to help offset skyrocketing fuel costs, they argued.
"Oil is the game-changer," Delta CEO Richard Anderson said. "We've had oil double in price in about a year."
While a number of lawmakers were cool to the merger and skeptical about the relatively small job losses, most seemed resigned to the idea that the merger would go forward.
Anderson and his counterpart at Northwest, Doug Steenland, launched a day-long push to win support from a skeptical Congress for their proposed merger by telling the House Judiciary Committee they must consolidate operations.
Steenland said jet fuel prices have gotten so high that "we are really in uncharted waters."
They told House members that by combining operations and eliminating some headquarters jobs, they could save $1 billion a year.
But House Judiciary Chairman John Conyers, D-Mich,, said the merger is "a momentous matter" that needs careful consideration over many months. He said he saw no need for the Department of Justice to move quickly to decide whether the merger would violate antitrust laws.
The hearing room was packed tight with lobbyists, pilots, machinists and reporters when Anderson finally got his chance to speak a little after 11 a.m.
The executives were to appear before the Senate Judiciary Committee Thursday afternoon.
There will obviously need to be thousands of jobs cut when and if this "merger" takes place. No matter how obvious the cuts are linked to the fallout from the merger, it will always be blamed on "high oil."
Delta-NW merger would axe 1,000 headquarters jobs
By MARILYN GEEWAX
The Atlanta Journal-Constitution
Published on: 04/24/08
Washington — The proposed merger of Delta and Northwest airlines would result in about 1,000 job losses among headquarters workers, the two carriers' chief executive told congressional committees Thursday.
Those layoffs and other cost savings would be needed to help offset skyrocketing fuel costs, they argued.
"Oil is the game-changer," Delta CEO Richard Anderson said. "We've had oil double in price in about a year."
While a number of lawmakers were cool to the merger and skeptical about the relatively small job losses, most seemed resigned to the idea that the merger would go forward.
Anderson and his counterpart at Northwest, Doug Steenland, launched a day-long push to win support from a skeptical Congress for their proposed merger by telling the House Judiciary Committee they must consolidate operations.
Steenland said jet fuel prices have gotten so high that "we are really in uncharted waters."
They told House members that by combining operations and eliminating some headquarters jobs, they could save $1 billion a year.
But House Judiciary Chairman John Conyers, D-Mich,, said the merger is "a momentous matter" that needs careful consideration over many months. He said he saw no need for the Department of Justice to move quickly to decide whether the merger would violate antitrust laws.
The hearing room was packed tight with lobbyists, pilots, machinists and reporters when Anderson finally got his chance to speak a little after 11 a.m.
The executives were to appear before the Senate Judiciary Committee Thursday afternoon.
