Delta Air Lines (DALRQ) plans to cut about 1,000 mid-level administrative and management jobs, including its chief marketing officer, in order to save $200 million a year amid a bankruptcy restructuring.

The online edition of the Wall Street Journal reported late Wednesday that marketing chief Paul Matsen is likely to be the highest level official affected, according to those familiar with the plans, which are expected to be announced as soon as next week.

Delta finds itself in a standoff with its pilots over the company's demand for $305 million in concessions as part of its restructuring. The two sides are awaiting a decision from arbitrators, due by April 15, on whether Delta can dump its pilot contract, according to the Journal.

More from Stocks

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019

9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019

Jim Cramer on U.S.-China Trade: The Media Has it Wrong

Jim Cramer on U.S.-China Trade: The Media Has it Wrong

Is Tesla's Stock Set to Nearly Double to $500?

Is Tesla's Stock Set to Nearly Double to $500?

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why