After four years and four tries, El Paso Electric Co. (EPE) has finally got a plan, and a ticket out of bankruptcy. EPE's fourth amended reorganization plan has been approved by the federal...
third and fourth items will reduce costs to customers, and expenses to shareholders. The first and second items are not required to implement them, but will facilitate implementation. Taken together, they will help employees by providing a single point of leadership, and a sense that layoffs are being handled fairly.
The views expressed here are my own and are not necessarily those of my employer.
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