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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (36013)	9/25/2001 7:59:10 AM
From: Jim Spitz	Read Replies (1) \| Respond to of 37746

Mesaba Airlines cuts include layoffs, attrition Published Sep 25 2001 Mesaba Holdings Inc. said Monday that it will cut expenses by an amount commensurate with the 20 percent service reduction announced last week. In a news release, the Minneapolis-based owner of Mesaba Aviation Inc. said initial staff reductions are beginning today, with a 30 percent reduction in officer and director level positions. Mesaba, which operates as Northwest Jet Airlink and Northwest Airlink, said last week that it expected to eliminate jobs. The company said it expects to reduce costs through voluntary and involuntary furloughs, layoffs, attrition and freezing open positions. Mesaba, now flying an adjusted schedule, completed 98.9 percent of its flights on Monday. Mesaba shares closed at $5.76, up 29 cents. -- Dow Jones News Service © Copyright 2001 Star Tribune. All rights reserved.