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|US Airways and Delta Cuts Target Executives: Will Reduce Management Payroll and Some Benefits|
The Washington Post; subscription may be required
Sept. 29, 2004
Excerpt: US Airways Group Inc. intends to slash its executive payroll by 20 percent, reducing the pay and benefits for its 3,000 managers and eliminating some positions, sources familiar with the plan said yesterday. [Delta] also plans to eliminate its subsidy for retiree and survivor health care coverage at age 65 and older, effective for those employees retiring after Jan. 1, 2006.
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