1/25 or 2/22 if i was a bet man.
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next week 17 or 18 is rumored for layoff day
I have confirmation that Windstream will be hit, heavily, at the beginning to mid February. Prepare your resumes and be on the hunt.
Manager sent out an e-mail this morning saying there will be a short meeting Monday morning. An agenda will be sent out prior to the meeting.
Buyout for Bst’s & network techs ? I thought we were hiring techs ... wow this place really doesn’t like experienced technicians and paying people what they’re worth.
Another reorganization coming - stay tuned !
Lmbo. Now let’s wait for the memo saying “close the darn door when talking about layoffs.”
The fight with Aurelius is not over. IMO Winstream will prevail but it’s still with the courts. The “unanimous vote” mentioned below was an ISDA advisory panel - final ruling will come from the courts in the next few months Aurelius claims the recent refinancing was smoke and mirrors to cover the alleged default. Some are saying Win only bought Masscomm to show the court they are doing something with that new debt besides just erase the alleged default, thus weakening Aurelius case. Again, I think Win wins but courts are fickle.
They are offering a voluntary layoff to network techs and bst positions next week. 50 thousand plus up to 12 weeks pay.
I overheard a Director mentioning a voluntary RIF this month. I assume operations because that is what this director is in, but unsure. Director was on the phone discussing it with his office door open and and I heard it as I walked by.
The group that was trying to claim they defaulted was Aurelius and it was voted unanimously that WS in fact did not violate and isnt in default. Old news.
They didn't push out debt maturity like they're claiming. They're trying to fight bankruptcy because one creditor is claiming the REIT spinoff violated a lease covenant that puts them in default on their loans. Check out US Bank vs Windstream.
LOL
Well masscomm has less than 100 employees so itd be minimal. I think with the restructuring, the pushing out of debt maturity, and corp tax cuts we are out of the woods with layoffs.