World Furloughs
11-07-2013, 04:41 PM
#43
Gets Weekends Off
Joined APC: Apr 2009
Position: What day is it?
Posts: 963
Originally Posted by v1uhoh
Actually, it was long before that, about the time Atlas came out of Chapter 11.
Just like another group...called Bain Capital...name sound familiar?...did with companies.
The bankruptcy exit allowed them to do it again, despite agreements to change how they did business. Again...like Bain Capital.
11-10-2013, 09:53 AM
#45
Line Holder
Joined APC: Feb 2012
Position: Front site
Posts: 34
Originally Posted by ATCsaidDoWhat
World lost it when the hedge fund folks cooked the books enough to get funding to buy NAA, plus a lot more to stuff their pockets with. They dumped the debt service on Worlds' back, knowing full well that on their best day, World would never be able to service the debt. Which didn't matter because they already got the cash out of the deal and left a shell.
Just like another group...called Bain Capital...name sound familiar?...did with companies.
The bankruptcy exit allowed them to do it again, despite agreements to change how they did business. Again...like Bain Capital.
Just like another group...called Bain Capital...name sound familiar?...did with companies.
The bankruptcy exit allowed them to do it again, despite agreements to change how they did business. Again...like Bain Capital.
11-11-2013, 08:06 AM
#47
Gets Weekends Off
Joined APC: Apr 2012
Position: I will be in the right bunk.
Posts: 203
The stellar management at World announced today that they are firing (furloughing) down to 71 pilots, but don't tell anybody according to the email from J Graber el supremo D Bag.
Sorry guys, I have been there too.
Sorry guys, I have been there too.
11-12-2013, 02:18 AM
#49
Line Holder
Joined APC: Jan 2007
Position: FO 757/767
Posts: 61
Global just filed for Chapter11 again....16% WORKFORCE REDUCTION IN THE NEXT 90 DAYS. 
11-12-2013, 05:05 AM
#50
Line Holder
Joined APC: Feb 2008
Posts: 56
Originally Posted by ToBeOrNotToBe
Should be all on World side, if they are furloughing down to 71 pilots. Not surprised. Bankruptcy allows Global to circumvent World labor contracts and their scope/me too clauses.
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