Delta Air Lines to Cut Up to 8000 More Jobs,

The article then lists the profit/loss statement of every with the over companies, plus the projected loss by Thomson Very first Call.

Although Delta Air Lines has posted a loss of $326 million and announced that it is going to cut more jobs, as Leo F. Mullin, chief executive, told employees, they hoped to obtain this through voluntary leave, early retirement, and severance programs (\"Delta Air Lines. . .,\" 2002). This announcement will possibly also encourage any employees who had been considering of moving to new position in a numerous company to try and do so from the near future. Although several companies have over-hired to a certain extant and have to \"trim the fat,\" when lay-offs of this magnitude occur

Managers might have to shoulder responsibilities that they formerly passed on to others in their department, although some employees may well suddenly have new routines foisted upon them, leading to possible inaccurate reports and delays. In addition, there is the likely decrease in morale, which might bring about an added decrease in productivity.

Of much more concern, on a larger scale, will be the ripple effect that such work cuts can have on the economy as a whole, particularly before the holidays, as thousands of persons lose access to expendable dollars and buying power.

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