It seems nobody is mentioning the possibility of the worst outcome. Are people just scared to even mention it or are we really far from that scenario that nobody thinks it’s even worth debating. On the other hand, being in Ch11 is proof that the... — read more
Gpon
Has anyone had a positive experience with this at any point of the process? Everything I see is a cluster.
Windstream's new CEO or even CFO??
https://www.msn.com/en-us/money/companies/former-enron-ceo-jeffrey-skilling-wants-back-into-the-energy-business/ar-BBV7B3o?li=BBnbfcL He would fit there in Little Rock perfectly!
Gunderman Bros and conflict of interest -
How can these two brothers be allowed to be involved in any of the reorganization talks. Windstream must force UNITI to take a haircut if not a full scalping. How can Windstreamers have any faith that Bob will force Kenny to renegotiate - bottom line... — read more
Uniti Chapter 11 from WINMQ? Looks possible
Wouldn't be surprised if Uniti also filed for Chapter 11 to 'restructure' if they continue to sink. But they have better outlook than WINMQ will when they sneak out of Chapter 11... — read more
The ones with bigger pay should start looking for a new job ASAP
As the motive for layoffs is more than clear and that's to cut cost as much as possible while trying to remain operable it’s clear that the highest paid people, which are in most cases the ones with the most experience are the ones in most danger... — read more
I don't see us making any major moves this quarter and any changes REQUIRE court approval
I don't know of anyone that has been part of a RIF 8n the past 30 days. Lots of nervous people have left on their own terms. I don't see us making any major moves this quarter and any changes REQUIRE court approval. We were told in a team meeting... — read more
Have layoffs started or not?
So how many RIFFs have there been in the last 30 days? What groups have been hit? Don't name people but titles are fine. Or is all this layoff noise just that? So much this. People keep talking about layoffs already taking place, and yet I've heard... — read more
Hedge Fund Titans Aurelius and Elliott Clash in Distressed Deal
https://finance.yahoo.com/news/hedge-fund-titans-aurelius-elliott-100001452.html "Windstream is scheduled to be in court March 25 for a motion to stop utility providers from shutting off service. It will return April 16 for a hearing on a broader... — read more
SDWan and Ucaas/office suite
Didn’t they tell us customers will be calling us to buy SDWan Ucaas and office suite? Still haven’t received that call. I guess ACC is waiting for us to find them an opportunity and throw it to them. Those poor guys are worthless.
What parts of the company will they want so sell?
I tried to look at this from all angles an to tell you the truth I don’t see WIN surviving in this shape and form. In the best case scenario they will try to get rid of some parts of the company to try together money to pay for the transformation... — read more
Purge
I don’t have any details or time stamps and this isn’t a guess. A staff reduction plan is being reviewed for multiple channels.
Outsourcing Thechnology Jobs
They have been outsourcing groups like VNOC and SS7 groups before they were in Chapter 11. Don't see them stopping now if it saves them money.
Do we get severance?
If laid off while the company is in bankruptcy do we get our severance or is that treated like the company unsecured debt within the proceedings. To ask more precisely, do we physically get our money in the stipulated deadlines or is that... — read more
Another exciting week at Windstream
What will this week bring us? More layoffs? More firings? Liquidation? The possibilities are limitless. Sadly.
resignation notice required or not?
Given that typically a 2 week notice is given when resigning, does this still have weight in our current situation? If/when I do get a job offer, could I take some pto days and then resign when I come back? Not looking to 'stick it to management'... — read more
Is outsourcing in play while in CH 11?
I’m aware that there will be layoffs restructuring, lowering the headcount, but could we also be facing outsourcing of some segments of the company within the restructure required by Ch 11? Is that even allowed in this position?
New Software company
TT has said WIN is a going to develop into a cloud type company. SDWAN and UCaaS will be the product set. Customer bring your own bandwidth so we don't have to be concerned about that. It just drives down our margins, right. We'll continue to lease... — read more
WIN reports a $549 million loss in Q4
For those who are not familiar with the matter, WIN reported a Q4 loss of $549 million and closes the year with a $723 million. Here’s a good article that looks into all of the aspects of the earnings report and gives a more clear picture where the... — read more
401k question
I am not employed by Windstream, and have a question. Windstream matched 401K contributions with stock. The stock is now essentially valueless. Did they reimburse you for the past retirement contributions? Or was that just a huge loss for you?
Don't know about you but I can't just quit
Don't know about you but I can't just quit. There is nothing in my rural area that pays as much as windstream. I am not moving and do not want to try to commute an hour each way for a job that probably won't pay as much. I am glad all these people... — read more
Excellent Earnings
The earnings were awful and everyone was touring they had turned the ship. When will all the propaganda stop. They are trying to control you. With or wo Aurelius Win was going down. Keep blaming and deflecting bc that’s all you can do. Bless your... — read more
Maybe the layoffs will be transparent within the bankruptcy
It’s hard to find comfort in any of this, i really is. However maybe because of the fact that layoffs will be performed in the bankruptcy procedure they will be more transparent that it would have been the case if we were expecting “regular” layoffs... — read more
"Investors wary of Frontier litigation risk" in wake of Windstream lawsuit and bankruptcy
http://www.ifre.com/investors-wary-of-frontier-litigation-risk/21378555.article "'It’s not wildly unlike Windstream. Some counterparties are not linked up on what the potential capacity is,' said one portfolio manager."
Anything new
Sounds like sos. Anyone know when auditors will be finished reviewing financials? I really want to see what’s under the hood. I suspect Win was much worse off than they let on.
Why wait for layoffs?
I’ve started my job hunt as I don’t want to wait for this whole thing to fall like a house of cards, and it will. I would advise the same to others? Even if the company survives in some shape, it’s going to be a weak company in which shifts and... — read more
Can we lose severance?
I'm thinking worst case scenario - can we find ourselves in a position where they lay us off without severance?
Learn from the past Windstream...
2012: LITTLE ROCK, Ark. – Windstream Corp. (Nasdaq: WIN) is restructuring its management ranks to increase the efficiency of decision-making and position the company for continued success. The company expects to eliminate approximately 375-400... — read more
The engine of the company is about to go from a 6 cylinder to a 2 stroke lawn mower.
I can think of one very specific employee type that isn’t afraid of leaving this place and that won’t have trouble quickly finding a comparable or better job elsewhere. Top performing sales people. No chance that the best in that department are not... — read more
Get out now before the market is flooded with your peers who have a wait and see attitude
Stop worrying about how long you have to draw a paycheck and get out now before the market is flooded with your peers who have a wait and see attitude, because it’s not if but when you are shown the door. WS will never post a profit. You should have... — read more
Unsecured creditors committee list
The United States Trustee (a court official) has appointed the committee to speak for the collective interests of the long list of unsecured creditors: Pension Benefit Guaranty Corporation, Washington, D.C. 20005-4026 Communication Workers of... — read more
So when are the layoffs going to start?
I doubt that anyone has a precise answer, but are there any indications from which we can figure out when can we expect layoffs. Also what manner do you think they will be performed in? Will they pick a number of workers and lay them of in a wave or... — read more
Bankruptcy? Never mind, the leadership stays.
WIN will come down in history as the only company that rewarded the leadership that drove its company into bankruptcy. In any company that reaches bankruptcy the general practice is to name some sort of expert leadership, to guide the company through... — read more
Biometric screening
I wonder where the three people on the front of the biometric screening work at? They seem happy, do you think their CEO got a contract extension after running their company into the ground? Oh wait, my mistake, this must have been taken be from... — read more
Employee shareholder files petition with the bankruptcy court - worth reading
See: http://www.kccllc.net/windstream/document/1922312190311000000000004 22-year, former Alltel employee says she lost $600k in bankruptcy. She lays out the details of the 401k set up, referring to Windstream "Kool-Aid" and "the Stream". She... — read more
Pension within the bankruptcy procedure
I feel a little confused. I reach my pension in a couple of months, and the fact is that that time will come while the company is still in the bankruptcy proceedings. What rules apply in that situation?
All the possible scenarios
Bottom line: is Windstream worth more shut down and sold for assets (cars, etc.) or as an operating entity/entities? I'd say at least some of the parts can make money, so they won't be liquidated. Maybe Windstream will emerge as a single entity; the... — read more
Is this really it?
I see so many people seeing what's happening right now as the end of the company, which makes me wonder - is there a way for Windstream to get out on top of this? Or is this really it?