Thursday, September 19, 2002

Tristate summary



Delta president sees more layoffs

        Delta Air Lines Inc. likely will eliminate more jobs because a slump in air travel means the third-largest U.S. airline still has more workers than needed, president Fred Reid said.

        “If we have other excesses in any work group, and I think the chances are good that we will, we will offer voluntary programs,” Mr. Reid told reporters Wednesday in Atlanta.

        Delta, which operates its second-largest hub at Cincinnati/Northern Kentucky International Airport, has about 11,000 fewer workers than before the Sept. 11 attacks and a decline in air travel demand. The company was able to eliminate all jobs through voluntary programs except for pilots because of contract issues in that case, Mr. Reid said.

        The Atlanta-based airline had a loss of $583 million in the first half of the year.

Lane Bryant unit moving to Md.

        Charming Shoppes has decided to keep the headquarters for its Lane Bryant brand in central Ohio but will move its distribution operations to Maryland.

        Charming Shoppes bought Lane Bryant from Limited Brands in August 2001 for $335 million in cash and stock.

        Lane Bryant's headquarters is at the Limited Brands campus in Columbus. Charming Shoppes has not decided whether to stay. The office employs 225 people.

        Charming Shoppes, based near Philadelphia, will move the distribution center from suburban Reynoldsburg to White Marsh, Md., in 2004. The new $17.3 million distribution center will accommodate Charming Shoppes' plan to expand the chain from 655 to 1,000 stores.

— From wire reports

       

       



P&G may have outsourcing deal
GE engine gives lift to business
Dental practice bridged ages
Good-news magazine sells ads; publisher to speak here
Consumer prices hint at inflation
Business digest
- Tristate summary
Morning Memo
What's the Buzz?