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In February 1940, Delta Employees Credit Union was formed in Atlanta, Georgia, by eight Delta Air Lines employees, each with a stake of $45 in share capital. On March 8, 1940, Delta Employees Credit Union received a charter entitling it to 20 years of operation. One month later, the first board of directors was composed. The board voted that membership was open to all Delta employees. By the ...
By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. He reduced his own pay by 25%, to approximately $325,000 per year.
Delta unveiled its profit-sharing program in 2007 as the company emerged from bankruptcy, and employees received their first payout in 2008, totaling $158 million.
United Launch Alliance, LLC, commonly referred to as ULA, is an American aerospace manufacturer, defense contractor and launch service provider that manufactures and operates rockets that launch spacecraft into Earth orbit and on trajectories to other bodies in the Solar System.
The move shrunk the “company in half overnight.” 20,000 more employees agreed to take an early retirement and once the pandemic cleared, Delta brought people back.
Delta Air Lines is paying out $1.4 billion in profit sharing, more than double what it paid employees a year ago.
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The Los Angeles County Employees Retirement Association ( LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District ). [3] In 2012 ...
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