R
RideMonkey
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From Velo News:
Another indication that Pacific's support of racing will be slim or none came last week when riders and staff of the existing Schwinn and GT squads (approximately 60 people) were informed they would not be receiving their final-quarter paychecks. This is completely within the rules following the purchase of a company that's declared bankruptcy, but still came as a surprise to some of the riders.
Downhiller Steve Peat was reportedly the hardest hit, with Pacific opting not to pay him nearly $70,000 that would have been owed him if Schwinn/GT had not filed for bankruptcy. Overall World Cup dual champion Leigh Donovan was owed about $25,000 that she won't be receiving, and Alison Dunlap won't be getting her bonus for her win at the world championships in Vail.
If you love the sport of Mountain Biking, do not buy a bike from Pacific!! This includes GT and Schwinn brands!!
Another indication that Pacific's support of racing will be slim or none came last week when riders and staff of the existing Schwinn and GT squads (approximately 60 people) were informed they would not be receiving their final-quarter paychecks. This is completely within the rules following the purchase of a company that's declared bankruptcy, but still came as a surprise to some of the riders.
Downhiller Steve Peat was reportedly the hardest hit, with Pacific opting not to pay him nearly $70,000 that would have been owed him if Schwinn/GT had not filed for bankruptcy. Overall World Cup dual champion Leigh Donovan was owed about $25,000 that she won't be receiving, and Alison Dunlap won't be getting her bonus for her win at the world championships in Vail.
If you love the sport of Mountain Biking, do not buy a bike from Pacific!! This includes GT and Schwinn brands!!