Thread regarding Frontier Communications Corp. layoffs

CWA & IBEW, please negotiate an exit plan🙏

Wouldn’t it be nice if CWA & IBEW negotiated us to take our lump sum not matter how many years we currently have and Frontier covers the tax. In return Frontier can keep us employed under a new lower paying contract. We could decide to stay or wash our hands clean and get onto other ventures.

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Post ID: @OP+165AYbE9

8 replies (most recent on top)

In bankruptcy, a debtor has the choice to assume (perform) or reject (breach) any of its contracts. The benefit of rejecting a contract is that that the code backdates the breach to right before the bankruptcy filing. This means that the counterparty’s claim for damages gets paid along with other unsecured claims — at cents on the dollar.

In Chapter 11 – and only in Chapter 11 – this rule gets changed a bit for collective bargaining agreements. After a Supreme Court opinion in the 1980s that held that collective bargaining agreements were contracts like any other for bankruptcy purposes, Congress enacted section 1113. In short, the section provides that rejection can only happen after the debtor has tried to negotiate with the union.

In Debt
But section 1113 provides that the court can also order an intermediate step: Namely, “if essential to the continuation of the debtor’s business” the court can permit the debtor to make changes to the collective bargaining agreement, while still keeping the agreement in force.

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Post ID: @5uoi+165AYbE9

Too bad you guys were lulled by the money your were getting. Why would you stop going to a place where you kept finding $200 a day by just walking to your company truck, go to a donut shop for your first break and go to a fast food joint for your 2 hour lunch and finally to a park and read/sleep for 2 hours for your final break, then 2+ hours of OT. What a life you've led for decades. You didn't fool anyone. Now you're accountable. This is too funny, can't wait until AUG 12

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Post ID: @1vve+165AYbE9

CA, the bankruptcy may change your so called buyout, you may get nothing. Why would the company give you extra cash. A lot of guys with 25+ years should have left. Don't know why you stayed. Like crack, you guys were addicted to the money you were getting by doing nothing.

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Post ID: @1pau+165AYbE9

I think CA is 10K plus 1 Bi-Weekly check for every year of service. And then unemployment benefits on top of that. That should be able to cover your mortgage for 2 years while you take time off to reflect what a mistake it was to become a phone guy and how bad Verizon fooled Frontier.

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Post ID: @aof+165AYbE9

Does anyone know how much the buyout will be if they lay us off? I hope it will be at least $50k.

If it's in your contract, it's the standard one bi-weekly paycheck per year you've worked, then deduct 40% for taxes. If you had the numbers you should have left. You and other hourly employees are screwed. They won't get out of bankruptcy anytime soon, if ever.

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Post ID: @lyq+165AYbE9

Does anyone know how much the buyout will be if they lay us off? I hope it will be at least $50k.

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Post ID: @sxv+165AYbE9

Quit asking the union, they're id–ts! Lump sum is not negotiable. After FTR declared bankruptcy no lump sum, you should have left. If you were told otherwise by a fellow employee or union rep then you're another braindead employee, all you had to do was do a little 10 min GOOGLE search on what happens to pensions when a company declares bankruptcy. Hourly employees are screwed I feel bad for some, your union will continue to screw you, better off without one. If you haven't notice union reps are usually the lazy hourly worker.

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Post ID: @rjm+165AYbE9

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