This means one of two things. Menke has given up on voluntary concessions and has decided to make as much money as possible before filing BK when the company will be under court supervision and will use BK to impose reductions on employees.

OR

He has been able to negotiate changes to our agreements that will allow the company to make money and employee concessions are not needed to go forward.

I'm hoping its the latter, but my gut tells me its the former. If that is the case, I will be dissappointed to see Menke decide to force concessions from employees while taking pay increases. It will do nothing but create ill will among the employees, which is not good for a customer service business.