Read more »

"/>

Long Embattled Sun Country Asks Workers for 50% Pay “Deferral”

Sun Country, which has survived despite all odds, is facing another crisis:  Last week, the CEO of its parent company (Petters Group Worldwide) saw his office raided by the FBI, which has accused him of leading a massive financial fraud.  Sun Country itself was not implicated in any way, and its CEO is now asking employees to take a 50% pay cut in the 4th quarter, with the idea that the pay will be given to them next year when the carrier is able to raise cash and become independent from Petters.  It’s not looking good up in Minneapolis…

Did you enjoy this post?
Sign Up to Receive 1 Email Each Day
Join the more than 7000+ people who get 1 email each day with all the airline news, credit card ideas and general nonsense we've provided for more than 10 years.

Leave a Comment


NOTE - You can use these HTML tags and attributes:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>