Delta cuts jobs

Delta is currently the worlds 3rd largest airline carrier. They plan to cut up to 9000 jobs , reduce employee pay, and make changes to its routine network. Why? Delta says they need to restructure there costs in bankruptcy and focus more on international flying. This major cut will save them an additional 3 billion by 2007, on top onf the previous 5 billion they planned to save by 2006. Not just low level employees are taking the pay cut. The cheif executive is taking a 25% pay cut while all other executives are taking a 15% pay cut. Besides pay cuts for executive there will also be a 9% pay cut for supervisory and other administrative possitions. There will also be a 10% pay cut for frontline employees. After 9/11 delta had planned to make 25,000 job cuts, these new job cuts would be on top of that. Although Delta is not clear on how many actuall employees they have, they have 52000 mainline employees currently.The new cuts will come 8 days after the company files for bankruptcy protection. They say they will lay off 1400 flight attendents by January.In the bankruptcy case, Delta's goal is to save $970 million annually through debt relief, lease and facility savings and fleet changes. Another $1.1 billion in annual savings is expected to be gained through changes to Delta's route network.Roughly $930 million in annual savings will be gained through reduced employment costs, employee productivity improvements and overhead reductions.

-Do you think these aggresive actions of Delta will save the company?
-Do you see a strike in the near future of Delta employees?
-Do you think Delta is trying to do too much too fast?
-Do you think Delta will loose its 3rd place world wide ranking when it starts concentrating more on budgeting than constumer satisfaction?