pljenkins
Resident Knucklehead
Well, it looks like United managed to spool up the retirees pretty good, to the point that they've got the bankruptcy judge raising a baleful eye at it.
Kinda scary. They have, in the last year, managed to alienate the active employee group by restructuring their labor contracts, the investors by declaring the existing stock worthless upon emergence, the retirees by encouraging them to retire early to retain benefits only to pull the carpet out from under them once they were out the door, and the industry analists by spinning up Ted in spite of warning by just about anyone with a remote clue about the industry that it would be not smart to spin up a "low cost carrier" with costs that are higher then similar mainline flying.
Since, ultimately, my paycheck comes from the Big U, I'm a little concerned about where this is going...
Opinions?
Kinda scary. They have, in the last year, managed to alienate the active employee group by restructuring their labor contracts, the investors by declaring the existing stock worthless upon emergence, the retirees by encouraging them to retire early to retain benefits only to pull the carpet out from under them once they were out the door, and the industry analists by spinning up Ted in spite of warning by just about anyone with a remote clue about the industry that it would be not smart to spin up a "low cost carrier" with costs that are higher then similar mainline flying.
Since, ultimately, my paycheck comes from the Big U, I'm a little concerned about where this is going...
Opinions?