Thread regarding Windstream Corp. layoffs

Management seeks 8-month extension from the court

Windstream, as “debtor in possession”, has an exclusive period during chapter 11 bankruptcy in which they run the company and develop a plan of action. Then they have a subsequent exclusive period during which they can lobby the various creditor groups for support their reorganization plan.

Windstream management has just filed a motion requesting the maximum legally allowable extension – 8 months in this case, to August 2020.

Their filing lists their accomplishments to date and the remaining challenges they face in turning the company around.

http://www.kccllc.net/windstream/document/1922312191204000000000002

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| 2311 views | | 16 replies (last December 12, 2019) | Reply
Post ID: @OP+12mdnGlx

16 replies (most recent on top)

This is why they posted that very questionable "biggest deal ever made sale" post on businesswire. Make up a fake deal (they dont name any specifics or a customer) in the hopes that the judge things you are turning things around, when you really arent.

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Post ID: @7hzr+12mdnGlx

8 more months and millions more being fleeced by these 5 geniuses. They can have 800 years and not turn this disaster around. This will most likely be approved, just another slap in the face to the employees.

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Post ID: @4dww+12mdnGlx

Just leave this place. life is too short for this bs. The Arkansas five may have gotten their money. But they can't take it with them. let them answer to their maker.

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Post ID: @2jzx+12mdnGlx

I can’t believe anyone agrees to buy anything from these slick losers. They had to buy any company with good technology because they know they can’t compete, not with 8 months or 80. Keep being unamerican TT and lay-off Americans while you give jobs to the Indians and Chinese. You make centurystink look like a good company.

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Post ID: @1lnf+12mdnGlx

The life of a manager at Win (esp in Twinsburg and LR):

Your ONLY job is to sign-off on your employees hours, and require them to open as many tickets as they can, for each and every operation, so they can prove their worth to their superiors.

Come to work and get something to drink, sit down and find some way to to pass the next 8 hrs. Go smoke, pay bills, surf, shop, whatever. If you have a meeting, take it from your office and play it in the background while you play out your day.

If you are an employee and find an issue that could disrupt business or cause an outage, here is what will happen:

First of all, how dare you interrupt their BUSY day!
By informing them, you have penetrated their wall of ignorance! They can no longer tell upper mgmt they didn’t know there was a problem.
They will vindictively make make their problem YOUR problem. You will be given a laundry list of THEIR tasks to follow-up on. With orders to work through lunch, after hours, all night and weekend if necessary. Get whatever teams needed to correct the problem together. Have a meeting, and don’t forget to add them to the invite, so they can play it in the background while they are surfing.

And most importantly, let them know as soon as the problem is resolved, so they can report to their superiors that THEY have single-handedly saved the day.

If you have any questions, come find them. Check the lunchroom, smoking area, their friend’s cube...

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Post ID: @1epk+12mdnGlx

TT and the rest of the upper management don’t care about you, me, or anything but lining their own pockets. I’m sure it will get approval and kick the can down the road. Chapter 7 ain’t happening, it will die a slow death with pain just from the regular employees. The others will be laughing to the bank. They’ll have enough to retire if they wish, but there will be offers from other companies for many. Customers are getting screwed too. 5g can’t get here fast enough.

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Post ID: @1jfl+12mdnGlx

Keeping TT has to be costing us more now then his buyout.

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Post ID: @1say+12mdnGlx

Its been business as usual, thats what upper management keeps saying. But that just means 100 customer disconnect to every 2 turnups. I have been in telecom for 30yrs and seen quite a few providers go out of business, but none have been as ugly as Windstream the last few years. Moral is oh so low, employees have lost hope. And that is a reflection of their managers attitude. I have seen co-workers try to go above and beyond and make things better and their managers tell them to stop and just do the work assigned to them.

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Post ID: @1nll+12mdnGlx

Windstream Business Plan 2020

Step
1) Layoffs
2) Pocket more money
3) Go back to step 1

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Post ID: @1hjp+12mdnGlx

I'm not shocked by the filing. Windstream is an absolute train wreck!!! I keep thinking things will get better but they definitely are not. Millions upon millions has been spent on projects that will not show an ROI for the next 35 years. They are trying to add as many new customers as possible in hopes that it will make the business look more attractive to investors. The more customers added, the bigger the bonus for the top 5.

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Post ID: @1pec+12mdnGlx

" addressed numerous diligence requests, questions, concerns, and issues raised by employees, vendors, customers, and other parties in interest"

It'd be nice if this were true but any concerns brought up by employees get shut down. I've not seen any concerns addressed, maybe others have.

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Post ID: @1zml+12mdnGlx

8 more months of bonuses and dancing to the bank for the execs. They have no plan, that much is clear. Their plan has been “business as usual” while they bleed the company. I have seen no action to move things forward and out of chapter 11. Stock at $.014 smh. Now remove that 6 to 1 reverse split, company is completely worthless.

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Post ID: @ekc+12mdnGlx

The list of accomplishments to date says they’ve prepared a business plan.

Does anybody know what’s in it?

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Post ID: @dit+12mdnGlx

The chateau in the Alps will be paid off by then. Mo money for the top tier, same bs for the rest. "Plan" for a disaster.

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Post ID: @xjq+12mdnGlx

The company’s got unprofitable CLEC contracts with customers - can it get out of them using bankruptcy?

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Post ID: @kck+12mdnGlx

In other words, more smoke and mirrors. Just delaying the inevitable. They don't have a plan, the only thing the Arkansas five have accomplish is laying people off and pocketing millions. Keep up the good work.

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Post ID: @nnz+12mdnGlx

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