Avaya Bankruptcy Moving Forward

The Joint Prepackaged Plan of Reorganization (the “Bankruptcy Plan”) proposed by Avaya is intended to continue all collective bargaining agreements and all relevant employee and retiree benefits in place with no modification. Even though retiree benefits are not modified, retirees may receive from the Company an “opt-out” form releasing various parties from certain claims largely related to the bankruptcy itself. While the CWA is not aware of any such claims, and the choice of what to do is totally up to you, the CWA thinks that it makes sense for an individual retiree where possible to fill out the opt-out form and mail it in to be received by the deadline of March 17, 2023.