The Costa Citationair

[The Av1ator]

http://www.kansas.com/2013/05/23/2815477/cessna-lays-off-workers-numbers.html

 

[bailout]

^^ since that doesnt mention CA, there are more furloughs on the horizon as they try to reach their final numbers by years end. Expect to see another 25-30 let go in 2-3 months..

 

[7on7Off]

Rumor has it if they can't find a buyer for the mess they created, 3-6 months till its ALL gone.

 

[The Dude Abides]

Rumor has it if they can't find a buyer for the mess they created, 3-6 months till its ALL gone.

I agree with the mess part, but what exactly would said purchaser purchase?

 

[XTW]

I agree with the mess part, but what exactly would said purchaser purchase?

Contracts and debt.

 

[CALRepublic]

Contracts and debt.

There isn't a single company in America that does not have some kind of debt, even mighty Apple Inc

 

[Smooth Cruz]

If CA was purchased, would contract negotiations resume with the new owner? Curious how that would work.

 

[FRACTRASH]

My understanding, we have 4 potential purchasers. two of which would be better for the existing employees. the other two would result in just about everyone hitting the street. Employees will have to reinterview for their positions. Since we would be fired and rehired, union would be a non issue. if the above doesn't occur, we have about 18 miserable months left, so keep looking.

 

[OHGOON]

Frac,

care to flesh this rumor out a bit more? How exactly would firing all eliminate the union? They would have to liquidate the company completely and restart a new corporate entity for the Union to be out of the picture. Pretty expensive move just to eliminate collective bargaining.

 

[FRACTRASH]

The impression I get is exactly what you said. I don't get it either.