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Old 12-14-2008 | 08:38 PM
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DC8DRIVER
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Originally Posted by Commando
There are no furloughs at Astar. Zero.
Which is great. But also confusing. Astar is 100% DHL support. Not like ABX. It boggles the news stories that no one has gotten a letter, not one. What's going to happen Feb.01 ? This is why they are either going to get some kind of contract from DHL, which I doubt, or there going to totally screw all the employess in the last minute by BK Chap. 7- Which I see Dasburg doing.[/QUOTE]


Dasburg will not file bankruptcy.

1. It is a privately held company so creditors would go after the personal assets of the owners.
2. They have very, very little debt.
3. They will recover tens of millions from the early termination of their contract with DHL.

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