If Borden was a trucking company, I'd probably agree with you, since they rarely emerge from chapter 11 as healthy companies. Borden produces dairy products, and restructuring may succeed for them. Their investment in physical plant is quite different than in the trucking industry, and pruning back unprofitable operations may just allow them to continue operations profitably.
they may also take in another company/investor, solely to transfer things over to the new parent corporation. i see no good in bankruptcy. it will not happen over night, for some miracle for the workers to not only keep thier jobs, but pay and benefits package's. i'd also go as far as saying any company contributions to any retirement plans would also come to a halt.

why work all those years to basically go back down to "starter wages", when another job will start one off at higher wages?

Electric Chicken

Well-Known Member
Stay or go for me would depend on my cash reserves, my regard for the company, and my pay relative to other options.

If you're already above average in your area it won't hurt you to hang on if you'd otherwise go immediately to average pay elsewhere. Might as well slide on down gradually and maybe come back up.

If you can't pay your bills, GTFO. Because those jobs are gonna go to your coworkers eventually if the company crashes. You might be left standing without a chair when the music stops.