Delta to increase U.S. employee compensation; offer early retirement medical option.

0 Comments | M2 Presswire, January, 2000

M2 PRESSWIRE-17 January 2000-DELTA AIR LINES: Delta to increase U.S. employee compensation; offer early retirement medical option (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:13012000 * Will exceed Wall Street Consensus estimate for December 1999 quarter ATLANTA -- Delta Air Lines today announced two actions for its domestic, non-union employees.

First, on April 1, 2000, published scale and clerical employees will receive a 3 percent increase in base pay, and supervisory and administrative employees below the level of director will be eligible for a merit program in which salary increases will be determined by performance appraisals. Second, Delta will offer an early retirement medical option in which employees age 50 or more with at least 25 years...