New twist to screw with employees, the previous MMA Mutual Arbitration Agreement you were allowed to opt out. Now, it is required if you were awarded restricted stock. I say F#&! your equity award CDK!
4 replies (most recent on top)
I don’t think layoffs are the only way.
Think uglier and bullier.
They have P.I.P. s for them.
Pressure tactics.
Fun!
Sounds like another win-win situation for upper management. If you sign the MAA, you're giving CDK the ability to gut your workplace rights and/or get rid of you the next time McCEO gets hungry and needs some extra cash to gorge himself.
If you don't sign, they don't give you the stock award. Either way, more money in ELT's pocket.
If it were me, I'd sign. That makes your chance of getting laid off higher, which most current employees would prefer over staying aboard a sinking ship.
Behaving like a classic bully, CDK will go after the easy targets (those who've signed the MAA) first in the next round of layoffs. CDK knows these people will have fewer rights and less leverage if they want to take any action against the company.
Does anybody think ELT would push so hard for the MAA if they didn't already have the arbitrator(s) bought and paid for?
Just saw that and nobody will take my call.
MAA not MMA - so streamed I couldn’t type.