What I saw in the big bankruptcy I was involved in: Management at that company was very committed to long-term employees and got them good severance packages as part of the reorganization plan they presented and got approved by the creditor... — read more
And they said it couldn't be done!
https://example.com/y3o96k7c just like bankrupting the company. LMAO
How corrupt are Windstream execs?
After the Aurelius judgment, Windstream owed $310M, plus another $60M in back interest. At the time it had just $37M on it's cash balance sheet. And in the midst of this cash crunch, TT decides it's a fine time to take $5M out of employee accounts... — read more
What is the position of the creditors?
Do you think the creditors, at least the big ones will be cheering for liquidation within the bankruptcy proceedings. It makes sense that they will try to get as much as they can out of WIN, rather than risk that the company sinks even lower.
KINETIC powered by windstream
It's understandingly clear that the company name is dead and corporate has been trying to stray away from it. At one point, they attempted to rebrand to "WE", and now everything is KINETIC (in CAPS) powered by windstream (in fine print). I've seen... — read more
If Windstream is bouncing paychecks, how is it going to have money for things like bond payments, vendor payments, and building leases?
Makes you think
Are our paychecks in dangers at this point?
I’m no expert on the matter, but what happens if there is no money to pay the workers. Is that even a possibility? Are our paychecks insured in any way?
Need to get customer out of contract
I work for a Win competitor. The terms of the Win contract are insane. In short, the customer still has 16 months to pay out , but what makes it worse is the cx bill is actually $4k a month higher after LD and etc. I can save them $50k a year but... — read more
Petition to get rid of useless Data Team Leads. Please sign.
Starting a petition to get rid of the dead weight Data Team Leads. Gonna take this to the next board meeting after I wipe off the crocodile tears.
Do the people that get cut within the Ch 11 proceedings get severance?
I really don’t know what the procedures regarding this. I know that the court has to have a saying in any transaction and that the workers are treated as creditors in that sense. What are the rules here?
What will happen is that the mid level management who needs to be cut will keep their jobs, and who will suffer; we will
What will happen is that the mid level management who needs to be cut will keep their jobs, and who will suffer; we will. Managers will get rid of a quarter of their team and divide the work up amongst the rest just to save their job. They go back to... — read more
Not sorry to see Windstream go
A few years ago, had a new client (I'm in I.T.) try to disconnect services from them. My client's Accounts Payable Manager came to me in frustration and I quickly understood why. Their processes appeared to be calculated to delay, frustrate and... — read more
I left and WIN still can't do anything right
I left Win almost 4 weeks ago. HR still has not gotten back to me after multiple attempts to get my cobra paperwork. Today I recived what I belive is my final pay and is not what I was told I would be getting. Did not receive my vaca balance, 2 weeks... — read more
Don't delude yourself you are safe
Worst case scenario is Winstream gets bought out. Yes, anytime a merger happens there are synergies and reductions. If you are a top performer you shouldnt worry. Regardless of what company you work for that company wants hard workers. This is so far... — read more
4/16 court hearing on wages
Routine hearing scheduled for 4/16 for various debtor-in-possession (management) motions: http://www.kccllc.net/windstream/document/1922312190306000000000003 see item 8: "Wages Motion. Debtors’ Motion for Entry of Interim and final Orders... — read more
OFGEL Award...Lol
So apparently a LR company gave windstream an award from a gender centric group WFA. The WFA worked with students from the Clinton School of Pubic service.....thanks for the laugh DA!! Can I get a raise yet....its been years now.
No way to avoid cuts
The companies that have the potential to buy WIN want the company of its assets, not its employees, so if we get sold off to someone there will be mayor cuts, same story if the company gets sold in parts, liquidation, well we all know what that... — read more
Job seeker question
For the past two months I have looked for employment outside the company. I have applied for lots of jobs in my field of computer science. Anyway, I have had three interviews. Two phone and one in person. In all interviews when they go over my... — read more
2 more thursdays
2 more thursdays
What happens to the ILEC part - stay together or get broken up?
Will the core local phone business be kept together or sold off in pieces to other telcos? Who might buy all or some of it? Are some areas in better shape or worth more?
Is breaking the company into pieces a probable option?
I imagine they will try to avoid this, but exactly how much probability is there to an outcome in which WIN gets chopped into segments and gets sold of to other companies? I figure it’s either that or thinning to the bone..
Layoffs in 30 days
Staff reduction in non network operations and capped payments.
Outages related to Bankruptcy
Has anyone noticed as our financials struggled the number outages increased? Why do we have so many outages? Someone should be laid off for the # of outages we have. I remember they had a report of course it was manipulated and corrupt showing how... — read more
Paychecks bouncing?
Anyone have theirs bounce? I have heard but not direct confirmation
Shaky Uniti?
Wonder how much WIN's Chapter 11 will affect them? They also changed their earnings release date to same as March 18 like WIN. Probably a lot more involved between the two companies than we know... — read more
Information on Windstream's bankruptcy
See: http://www.kccllc.net/windstream You can pull up all the individual court filings (there are already dozens) at: http://www.kccllc.net/windstream/document/list/4838
I'm not very confident in this statement
https://13wham.com/news/local/windstream-ceo-says-local-jobs-wont-be-affected-by-bankruptcy-filing-schumer
Effort doesn't matter if the leadership is clueless
"Effort Today is going to be be a good day, and everyone should put their best foot forward" If this is the case, then the best way to put the 'foot forward' would be to boot all the executive teams, and start over with bringing in a respected... — read more
Why is the leadership that brought us here still at the wheel?
I really can’t provide a meaningful answer to that question. There can’t be stronger proof than this that hey aren’t capable of leading this company, but there is not even a word or a rumor that something was suggested among the shareholders or the... — read more
If you had a better option
Leave if you don’t like it or Stop complaining and get back to work.
Attorneys are reviewing plans
Once they’re approved, cuts are coming.
Time to get to work
I think we should really consider that Chili cook off to raise money!
Clueless Executives
We can all wonder how the company would be if TT and his Zombie Executives weren't making clueless decisions. The company wouldn't be close to filing for Chapter 11 - stupid executive decisions caused this - buying other legacy telcom companies... — read more
Windtream just s---s in Georgia
https://www.foxcarolina.com/news/windstream-files-for-bankruptcy-georgia-representative-addresses-his-concerns-about/article_5f97493a-3ab5-11e9-ad33-9f95ca119047.html
Chapter 11 isn’t going to fix the issue.
You can move debt around but layoffs is the only way to cut costs to cover the eroding business
401K Match Will Be Made in Cash
Pretty much closes the book on the future of WIN shares. Existing shareholders equity will eventually go to zero. Existing shares will get cancelled and new shares will be issued to bondholders as part of the debt restructuring.
Article on the Gunderman brothers and their connections with both companies....
https://finance.yahoo.com/news/hey-brother-windstream-apos-deal-170858479.html One quote from the article "“That’s where the fact that the CFO of Windstream is the brother of the CEO of Uniti is funny,” said Jared Ellias, an associate professor of... — read more
We'll be sold in parts
No one company is going to buy all of us, they are going to break it up and sell the parts. ILEC and CLEC will both be spun off. All of those other services provided by WE will be sold to competitors. I wold guess Zayo for the fiber but do we really... — read more
What happens with severance in Chapter 11?
What happens if we get laid off within the Chapter 11 process? Do we get our severance in compliant with the compliance rules as it was a “normal” layoff, or is that off the table in this situation? I would appreciate some thoughts on this issue.