Please listen to me when I tell you that bankruptcy is not the answer.
I am a 22 year employee with USAirways and as you know we are in bankruptcy now. It is absolutely horrible.
Our stock is trading at pennies.
Yesterday we found out that more people are being laid off. All the way back to 1985 in the fleet group. Also the company wants to immediately farm out catering, mail and freight. If we go to war with Iraq an automatic 5% pay cut.
An employee with family now pays 125 dollars a month for insurance and Seigel wants that to double to 250 a month.
If the unions don't agree to this by next week Seigel will hand it over to the BK judge.
Take the sure thing even if it isn't good because it will surely be worse in bankruptcy.
Good Luck to all of you.
I am a 22 year employee with USAirways and as you know we are in bankruptcy now. It is absolutely horrible.
Our stock is trading at pennies.
Yesterday we found out that more people are being laid off. All the way back to 1985 in the fleet group. Also the company wants to immediately farm out catering, mail and freight. If we go to war with Iraq an automatic 5% pay cut.
An employee with family now pays 125 dollars a month for insurance and Seigel wants that to double to 250 a month.
If the unions don't agree to this by next week Seigel will hand it over to the BK judge.
Take the sure thing even if it isn't good because it will surely be worse in bankruptcy.
Good Luck to all of you.