The machinists union is attempting to block an effort by Hawker Beechcraft to award up to $5.3 million in bonuses to company executives under the Key Employee Incentive Plan (KEIP). The company filed a motion in bankruptcy court on July 13 asking for approval to implement the employee incentive program, saying, “Because the debtors’ senior management team has been, and must continue to actively pursue two separate alternative restructuring transactions, the standalone transaction and the ...
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