Delta Fights For Executive Severance Plan

Law360, New York (February 21, 2006, 12:00 AM EST) -- Delta Airlines headed back to bankruptcy court this week, this time to defend its proposed severance package for company officers and directors. The plan has come under fire from the Delta pilot’s union, which asked the court to reject the $14.2 million proposal.

Delta, claiming that during the bankruptcy “management attended to the rest of the company’s employees first and itself last,” has proposed a severance plan that would grant pay of 6 to 12 months to employees who are fired due to business restructuring....
To view the full article, register now.