your headline is accurate & what they are doing is typical of them but I wouldn’t feel sorry for the CHK workforce. CHK has looted stock, bond and lease holders for benefit of its employees for most of its existence. For as much debt as CHK carried, it was hard to excuse the level of luxury that most CHK employees had access to as working benefits, eg the multistory ‘fitness’ building w masseuses, multiple cafeterias providing subsidized food & staffed w gourmet chefs, employee gardens staffed w bee keepers, company store in which employees could spend their CHK $ (not real $ but scrip), so many vacation days that one would wonder when work was expected, division wide golf tournaments with fairly lavish prizes awarded at each hole....
