Thread regarding Windstream Corp. layoffs

Updated agenda for 5/14 hearings; more about KERP and KEOP

Agenda:

http://www.kccllc.net/windstream/document/1922312190513000000000008

Both KEIP and KERP are listed as contested and to be debated.

• KEIP is the Key Employee Incentive Program - for the top 5

• KERP is the Key Employee Retention Plan - for approx 100 other people deemed "key"

Revised proposed KEIP:

http://www.kccllc.net/windstream/document/1922312190513000000000007

Changes are highlighted in blue

Management's response to the US Trustee's objections to KEIP and KERP

• http://www.kccllc.net/windstream/document/1922312190513000000000005

• http://www.kccllc.net/windstream/document/1922312190513000000000006

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| 1991 views | | 16 replies (last May 15, 2019) | Reply
Post ID: @OP+Z2TdjWu

16 replies (most recent on top)

legal thievery right here. unbelieveable

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Post ID: @2vzr+Z2TdjWu

And with that approval they are probably printing out the checks for these Crooks as we speak.

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Post ID: @1wkv+Z2TdjWu

It was just given the OK by the judge...

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Post ID: @1bas+Z2TdjWu

If employees take a "voluntary separation" it's not a burden. That's why it was offered. It makes Tony feel good.

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Post ID: @1dlz+Z2TdjWu

this might be legal, but it just shows the character of these "leaders". these two faces preaching all this bu11shit while all they care about is themselves. they think the employees are too dumb to find out the truth, truly disgusting people with their deceit.

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Post ID: @1ppn+Z2TdjWu

"Am I reading this right: maximum KEIP payout of $18.9M instead of $20M?"

yes, what a joke. these conmen are good at what they do.

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Post ID: @1plb+Z2TdjWu

Am I reading this right: maximum KEIP payout of $18.9M instead of $20M?

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Post ID: @1qlj+Z2TdjWu

What does "Significant sacrifices or compromises" really mean? 11,000+ employees, if you layoff 10-20% that may not be considered significant.

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Post ID: @1cei+Z2TdjWu

The other 100 are probably managers who get quarterly bonuses. To bad the rest of us don’t get anything.

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Post ID: @1pno+Z2TdjWu

They agreed with the understanding that the employees will not be laid off....lets see if TT listens to them as he is cashing his check

3.The Committee believes that these modifications are reasonable, particularly in light of the facts and circumstances of these cases. Indeed, the Committee does not anticipate that the Debtors’ will be seeking significant sacrifices or compromises from their employees and retirees during these cases, barring some unforeseen event. Accordingly, the Committee is supportive of efforts to ensure that the Debtors meet their goal of operating on a “business as usual” basis for both upper management and its rank-and-file employees. Therefore, the Committee does not oppose approval of the KEIP as modified

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Post ID: @1qvg+Z2TdjWu

Wow I feel so bad!!! Few months ago we had over 150 vice presidents, wonder if some got laid off or some won't be eligible for bonus?

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Post ID: @1mvu+Z2TdjWu

I guess they don’t realize how bad they look To Everyone.

May I have my 401k losses back.

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Post ID: @kxe+Z2TdjWu

"Unsecured creditors' response re: revised KEIP proposal:

http://www.kccllc.net/windstream/document/1922312190513000000000010"

the unsecured creditors do not oppose, so these cr00ks will walk away with millions.

unbelieveable.

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Post ID: @jda+Z2TdjWu

Unsecured creditors' response re: revised KEIP proposal:

http://www.kccllc.net/windstream/document/1922312190513000000000010

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Post ID: @pas+Z2TdjWu

This bunch of cr00ks are grabbing whatever they can before it's over.

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Post ID: @qhh+Z2TdjWu

These thieves just won't give up until there's nothing left to $teal.

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Post ID: @cka+Z2TdjWu

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