Delta CEO issues last call for voluntary buyouts before potential furloughs

Delta has set a deadline for employees to take voluntary buyouts and early retirements, and involuntary furloughs may be looming. In a memo dated July 9, Delta Air Lines Inc. chief executive officer Ed Bastian said employees must “submit for an enhanced retirement or voluntary departure” by Monday, July 13. Volunteers are eligible to receive “significant cash severance, retiree medical benefits and flight benefits,” according to Bastian. So far, “thousands” of employees have opted to leave the Atlanta-based…

Delta has set a deadline for employees to take voluntary buyouts and early retirements, and involuntary furloughs may be looming. In a memo dated July 9, Delta Air Lines Inc. chief executive officer Ed Bastian said employees must “submit for an enhanced retirement or voluntary departure” by Monday, July 13. Volunteers are eligible to receive “significant cash severance, retiree medical benefits and flight benefits,” according to Bastian. So far, “thousands” of employees have opted to leave the Atlanta-based…

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