You think AT&T wants to go into bankruptcy? If they go belly up and get a government bail out they can terminate pensions legally. Part of bail out these company’s are told to end unnecessary spending, pension funds are considered unnecessary expenses.
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Pensions are safe by insurance.
AT&T will declare bankruptcy and reduce everyone's pay.
Are you stupid? Because this is a question that a stupid person would ask.
Are they going to freeze the pension next? No sense sticking around for the pension?
Why? They still can get rid of 100k employees, & to endup with about 75k.
Declare bankruptcy and get rid of the legacy part of the company. Don't need to support that anymore.
The lawyers have been working overtime to legally take away severance payments. What’s next?
Oh STFU with these id--tic assumptions.
No
I don’t think so. It’s my understanding that the mobility partnership added a bunch of outside corporate partners and received a huge contribution. Maybe a spin-off first b4 bankruptcy would make sense to preserve those partners money.
D Day
Spin off wireless and merge it with T-Mobile.
They will spin off the wireless part first. Wireless is the only thing keeping the company solvent. All of the debt will go to wireline since it was content and broadcast related. The wireline division will take the bankruptcy to extinguish the debt!!
Oh yes, more money to pay investors.
The pensions are mostly funded. They are also insured by PBGC, you should get most, if not all of pension as I understand it.
You are the second person today that has pitched me that idea. Yes I do think they would, they are morally deficient as are their advisors so I think they may push the proverbially button and start over. Frankly not a bad move for them