• Home
  • News
  • Voyager Customers Say No to Employee ‘Retention’ Bonus Bid

Voyager Customers Say No to Employee ‘Retention’ Bonus Bid

Voyager Customers Say No to Employee ‘Retention’ Bonus Bid

Voyager, which is currently undergoing bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York, asked a federal judge to approve $1.9 million of its funds for a “Key Employee Retention Plan” (KERP), meaning bonuses to 38 employees that the company claimed were vital to its continued operation and restructuring. On Friday, the Official Committee of Unsecured Creditors – a group of Voyager customers – objected, saying Voyager’s employees are “already well-compensated,” and arguing that the company has otherwise done little to reduce costs.

Recent Post