CWA Working With Avaya After Company Seeks Bankruptcy Protection
The Communications Workers of America said Thursday it's working with Avaya employees after the telecom equipment and software company filed for bankruptcy. Avaya said Tuesday it filed for Chapter 11 bankruptcy and secured $780 million financing as it restructures. “The…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
company expects to complete this process in 60 to 90 days and has made certain assurances including keeping the business intact by not selling or splitting any of its parts; not making any changes to employees’ pay or benefits; as well as a commitment to maintaining the pension and benefits for retirees,” the union said: CWA “which represents close to 300 active members at Avaya and thousands of retirees, plans to take an active role in the bankruptcy process to protect the interests of workers and retirees.” Similar to Avaya’s last bankruptcy filing “we are seeking a seat on the Unsecured Creditors Committee to ensure that the Company implements the provisions included in its restructuring plan and lives up to its commitment to workers,” CWA said.