Moody's is the bond rating agency that rates the safety of Uniti's bonds. https://www.moodys.com/research/Moodys-announces-completion-of-a-periodic-review-of-ratings-of–PR_413064 They previously downgraded Uniti's bonds to Caa (very bad) based... — read more
Topics regarding layoffs at Windstream Corp.
Unions s— but, a large scale walk out would be fantastic. I mean you might as well try to unionize while looking for a new job while on the company dime. At least then you might be able to walk out on those t-waffles and fark them back a little... — read more
"The parties have not reached a resolution with respect to the issues and claims subject to the Mediation. Therefore, the Mediation has been suspended indefinitely by the... — read more
"Pre-packaged" bankruptcy probable in early 2020: https://www.bnnbloomberg.ca/frontier-communications-seeking-new-ceo-ahead-of-restructuring-1.1345402
Worst place ever. I hope you fail WIN. Fail and fall hard.
Huge workforce reduction by EOY. LL is giving the rest of us notice that he’s not done on Thursdays call. Smaller, agile, strategic focus. It’s his way of setting the stage to what WILL happen the next couple of months. Reductions 2-3 more x by EOY... — read more
Forbes article: https://www.forbes.com/sites/georgeschultze/2019/11/08/windstreamuniti-dispute-could-make-for-an-interesting-thanksgiving/#6fab464b721a Interesting discussion of the Uniti-Windstream lawsuit.
I worked for the same company for over 20yrs then Windstream bought us out. My director constantly bad mouthed other departments and never tried to make any improvements. Constantly blaming others and never accepting any responsibility for any... — read more
Has Windstream replaced all the copper or are they still using it? but merely telling everybody it was replaced.
You know WIndstream is in the toilet when they redeploy equipment the manufacturer wont support. No replacement parts except for eBay or other 3rd party sellers, No technical documentation available from manufacturer and no support software... — read more
Schumer: Windstream CEO says company won't cut jobs in Rochester https://www.google.com/amp/s/amp.democratandchronicle.com/amp/3063916002 If TT will lie to a US Senator.... do you think you can believe what he says?
https://finance.yahoo.com/news/edited-transcript-unit-earnings-conference-052801364.html https://www.arkansasonline.com/news/2019/nov/08/windstream-uniti-report-3q-losses-20191/ Red ink
Makes the headlines in the local Arkansas paper: It’s safe to say, it’s over! For the second-consecutive quarter, Windstream reported earnings that do not reflect generally accepted accounting principles. The company is working through a... — read more
Here's a link to the transcript of the earnings discussion by management https://seekingalpha.com/article/4303787-windstreams-winmq-ceo-tony-thomas-q3-2019-results-earnings-call-transcript?part=single The seekingalpha.com site may require... — read more
"Debtors’ Motion to Stay Purported Application of the Deadline under Section 365(d)(4) of the Bankruptcy Code to the Uniti Arrangement" Windstream bankruptcy site (http://www.kccllc.net/windstream) just posted a notice that the judge will hear... — read more
LL said it best "Small and Agile teams". So small in fact you'd think they're not even here. They guy talks about tough decisions and fiscal irresponsibility. How many job would of been saved by the people doing the work if they weren't taking huge... — read more
Huge workforce reduction by year end. LL is giving the rest of us unsaid notice between the lines that he’s not done on Thursdays call. Smaller, agile, strategic focus. It’s his way of setting the stage to what WILL happen the next couple of months... — read more
This is so disturbing that they layoff people without warning. Have some respect for us and give us the good bad and ugly instead this layoff bull behind everyone's back. We're are adults and understand the fact layoffs are part of the business... — read more
I don't see anything published this month for Monthly Operating Report as we have for previous months. KCC generally has something published on the last day of the month or the 1st of the new month regarding our P&L. Did anyone see this... — read more
Both Windstream and the different creditors have their own outside restructuring consultants kicking tires. They’re writing up with plans and recommendations for how to restructure the company. Has anybody seen any of these people around or heard... — read more
I was informed today that I'm being included in a RIF. My last day will be 11/13. In a way I am relieve that I can get away from this mis-managed company. I wouldn't trust the upper management to run a lemonade stand. Good job execs... — read more
Windstream's market cap is $7 million, while KEIP is worth $20 million. That's 2.85 times the total equity value of the entire company. How in the world are the id–ts who bankrupted the company due to their complete and total ineptitude (or... — read more
Sorry, it was just wishful thinking. Maybe the consultants can take notice. If they need to save money by giving people the axe, then why not let the people who are costing the company money by losing business go?? I never... — read more
I heard it was bad
Wednesday, October 30, 2019 is the day before Halloween and layoff day too. Get ready!!!
I hope the entire mgmt team goes down with the company. They do this at the holidays and will cause many problems for those that were laid off. All because of their greed. They laid us off on a conference call then hung up without taking any... — read more
Many seem to misunderstand why CH11 is important and a good thing for Windstream. So please let me explain: First - We were planning CH11 for sometime and the lawsuit ' that I personally and repeatedly stated we would win, was just a pretext to... — read more
$36 Million dollars in lawyers fees from Feb 25th thru the end of June. I think it's safe to assume by the end of this bankruptcy fiasco they will get close to a $100 million. Looks like we need to layoff more people.
TT came to give a Pep Rally, wouldn't meet with the workers whose pension he underfunded. I guess he is afraid of some tough questions, or we are not worthy. According to rumors he said everything is all rosy, the software company is in good hands... — read more
A employee Confidence vote in Leadership should be started on Stream. Perhaps once the creditors and the Judge see how poorly Senior Management is viewed internally they will step up
More layoffs expected today, from what I understand. The Repair Department might be next in line, but I'm sure they're not the only ones. Looks like this entire week will be the stuff of nightmares... In all honesty, I think getting laid off might... — read more
"Omnibus hearing dates" have been posted at: http://www.kccllc.net/windstream/document/1922312191030000000000012 • November 21, 2019, at 10:00 a.m. (prevailing Eastern Time) • December 18, 2019, at 10:00 a.m. (prevailing Eastern Time) • January... — read more
Windstream has just laidoff the majority of what was left of their technical onshore support. I suggest customers go elsewhere unless you enjoy your service being down for days and the red dots having no clue on how to help. Good news is they know... — read more
HR is going to try to bury the previous post with nonsense posts.
"The lawsuit alleges Uniti Group Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (i) Uniti's financial results were not sustainable because its customer Windstream had defaulted on its... — read more
Does Uniti own all of Windstream’s fiber? Or just what Windstream had when Uniti was spun off? If Windstream build a new fiber route, do they immediately sell it to Uniti, then start leasing it back? Did they buy EarthLink after the Uniti... — read more
Article in Channel Partners: https://www.channelpartnersonline.com/2019/10/23/windstream-officesuite-uc-now-available-to-smbs/ "Windstream has extended its proprietary unified communications (UC) solution to Kinetic Business by Windstream SMB... — read more