Originally Posted by
FriendlyPilot
Its likely the AIP will cost the company more than furloughing, but it keeps people in seats so they can react quickly. Also I’m not too worried about the people saying the company will immediately declare BK and lock in the changes, because we have $18B in cash in the bank. Also if they lock in the AIP long term, they can’t furlough and can’t displace anyone, which would be a nice way to go through BK.
No way that they won’t furlough and/or displace if they enter Chapter 11 again. It would be nice, but what they really want is the lower bar called the AIP and then Chapter 11. Kirby wins twice!