=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SFGate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2004/08/20/f= inancial1820EDT0327.DTL --------------------------------------------------------------------- Friday, August 20, 2004 (AP) Alaska Air plans to cut up to 150 management jobs (08-20) 15:20 PDT SEATTLE (AP) -- Alaska Airlines plans to cut up to 150 jobs, or 9 percent of its management staff, as it seeks to reduce layers of management and cut costs. The airline said Friday that it hopes to save between $5 million and $10 million annually after the cuts are completed in the spring of 2005. The Seattle-based airline is hoping some managers will elect to take voluntary severance packages that include two weeks of pay for each year of service, a bonus, one year of health care coverage and travel benefits. Alaska Airlines had 10,996 employees, including 1,674 management positions, as of the end of 2003. The cuts will not affect Alaska's sister company, Horizon Air. Shares in Alaska Air Group, the two airlines' parent company, rose 82 cents to close at $21.43 Friday on the New York Stock Exchange. The announcement was made after the market closed. On the Net: www.alaskaair.com ---------------------------------------------------------------------- Copyright 2004 AP