I can read one thing here, the company is preparing for bankruptcy filing
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Google Worldcom. All the answers you need
"Both your 401k and pension will be gone. "
You are either a troll or an id--t.
"What happens to 401k and Pension if our company fails?"
Every nickel invested at Fidelity is yours. Full stop! Of course, if you've got significant investments in company stock, that's subject to market risk.
Pensions are guaranteed, up to a limit by the PBHG, a government entity.
Your job? Not so much.
Your 401(k) is your own money not the company’s once you vest. Your pension is protected by ERISA. The company can stop future contributions but cannot claw back vested benefits. So they can freeze it but cannot take money out. When a company files for ch11 these are protected from creditors
Both your 401k and pension will be gone. Lawyers will claw back everything.
Lotta talking, little thinking. Do you even know what bankruptcy mean?
What happens to 401k and Pension if our company fails?
Guys, I said this before, media read what we wrote here, investors and some leaders
Speak up and show your frustration
This new stock value mean many thousands of employees will go without severance or benefits
Speak up show your frustration, share the word with your colleagues
We need to be one hand in this
Young grasshopper, we aren't near there yet. There is still free cash flow, just very low compared to very high debt risk. Fat Dividend is still paid, and that must also first go away. Nowhere near there yet. Someday? Yes, my young excited friend. Wait, and watch. Death can move slowly, it calls all shots.
Why can’t stinky say something to us? Since the morning the situation is boiling and we know nothing
Mission accomplished!
They keep us in the dark to know what is going on from the media
I am asking around in the office every one scared to speak about the situation