Midwest Airlines in dire situation?

[Piedmonster]

I just read that midex sold its corporate headq to be leased back for only 13.5 million. looks like the beginning of the end.

 

[Publishers]

and

And just what does one thing have to do with another.

 

[crashpad]

I don't think it's so much the beginning as it is the middle.
Since they won't be hiring anytime in the foreseeable future, there won't be much info. here on Midex. Check-out their message board on Yahoo stocks if you want to get a better idea from their business side.

 

[DH106]

I've been wondering what the real deal is with Midwest.

I was furloughed from Midwest on Nov. 1, 2001... resigned my seniority in March 2003 to take a much better job.

Just yesterday, their V.P. of HR sent me a questionnaire asking why I left. The letter stated that they're experiencing unnaceptable turnover and disruptions in their customer service.

This is a company that, in my personal experience, would never, in a million years, solicit employees' help or opinions. Something strange must be going on, but I can only speculate. They're very secretive.

 

[njcapt]

I've been wondering what the real deal is with Midwest.

I was furloughed from Midwest on Nov. 1, 2001... resigned my seniority in March 2003 to take a much better job.

Just yesterday, their V.P. of HR sent me a questionnaire asking why I left. The letter stated that they're experiencing unnaceptable turnover and disruptions in their customer service.

This is a company that, in my personal experience, would never, in a million years, solicit employees' help or opinions. Something strange must be going on, but I can only speculate. They're very secretive.

That reminds me of a letter a friend of mine received just after he was furloughed by Allegheny. The message, on USAir Express letterhead, stated: Congratulations on successfully bidding the position of FURLOUGHED. If any training is required to complete the transition to your new position, you will be contacted by the training department. blah, blah, blah.

He thought it was funny, I thought someone at the airline should receive mutilating violent injury.

 

[banned username 2]

That reminds me of a letter a friend of mine received just after he was furloughed by Allegheny. The message, on USAir Express letterhead, stated: Congratulations on successfully bidding the position of FURLOUGHED. If any training is required to complete the transition to your new position, you will be contacted by the training department. blah, blah, blah.

U.F.B... Just goes to show you are nothing more than a number in a computer...

 

[AA717driver]

They wondered why you left? Maybe it's because you F***ing Furloughed Me, you A*****e!

Oh yeah, the job didn't pay well enough, either! TC

 

[DH106]

Yeah, no kidding. I asked the same question!

Actually, I think they were aware that I was furloughed, but they wanted to know why I resigned my seniority. After all, they furloughed 25% of the company.

The ALPA contract originally specified 2-year recall rights (among the lowest in the industry). After that, you're "fired."

To add salt to the wound, the day I was furloughed, senior management indicated that we could expect to be fired, not furloughed. The union immediately corrected that.

To extend the 2-year recall rights, the union leadership generously provided pay concessions in-exchange for nothing more than a revision to 5-year recall rights.

So, given the arrogant corporate culture there, there is a liklihood that they actually assume that their long-furloughed employees will stay on the roster.

 

[njcapt]

Man, welcome to ATA. Our management can be somewhat clueless at times, but they beat the crap out of the talking heads at MidEx.

 

[DH106]

Thanks a lot, njcapt... I now wake up with a big smile on my face, every day! I'm very fortunate to be where I'm at.

 

[Piedmonster]

the end

Any company that sells its corporate hq for a measely $13.5 Million for a lease back is in serious finnancial shape

 

[Thunderchief]

leaseback

I could be wrong but the sale of HQ could possibly been to the land owner that it sets on. The land owner last I heard was none other than Timmy Hoeksema himself, the CEO...

Shady stuff going on at Midwest....

Does anybody know this as fact??

-TC
Now at ATA, whew!