They owe us something for all the losses they handed us in 401k Match.
13 replies (most recent on top)
If you keep your 401k in company stock, you have noone to blame but yourself. No financial advisor would recommend you keep your savings, let alone your retirement savings, in the stock of a single company, let alone the company you work for.
The "staffing plan" still could contain layoffs.
"The Debtors have approved the prospective budge and staffing plan for the period from Feb 25,2019 to June 25,3019"
Ok thanks. Wondering why no changes yet.
Citi gave us $1B loan to get through chapter 11. We got $400M up front to keep the lights on and run "Business as Usual". All of that money gets us through July 1st. After that the rules of the game change and anything goes as long as it's approved by the judge. What that really means is we will be downsizing offices and people sometime this summer.
What's the chatter about end of June and July 1 on here
TT did pull off a miracle, He got a raise and a bonus after leading the company to chapter 11.
"Who had their entire 401k in Winmq"
If employees had all their savings in WIN, I don't feel sorry for you. If you ignored all the warning signs the last few years of the company stock crashing, but chose to hope it would all somehow go back up to the "good 'ole days" then you shouldn't be in charge of your finances. Serious people who watch their investments will keep on top of the companies they are invested in, reading analyst reports, not just quarterly reports the company prints in their own 'good news' reports, along with the Kool-Aid Stream pages. I USED to have stock in WIN, but pulled everything out in early 2017 - when the stock was still in the lofty $35 range.
Maybe you will learn for next time how to wisely invest your money - not putting all your eggs in one basket is common sense these days. But maybe people didn't learn from Enron and Worldcom for their employees losing everything when they followed their leader like blind mice.
And don't use the excuse of 'I didn't know it was so bad' or 'I thought TT could turn it around' - that's just plain ignorance. You blindly followed TT, now he is running to the bank with his millions while those that put everything into their WIN savings are left fuming - but probably still hoping TT can pull off a miracle?
Who had their entire 401k in Winmq
A true shi/hole!!
Please ask the holding company to send you all of your Windstream shares so you may use them for fire starter.
Yep. I want mine too.
Yes they do owe you something here is a pink slip lay off. Thanks for playing.