These contract concessions are not ideal or even fair by any means in today’s economy, but if it is the only way to keep the doors of Hostess open and keep over 18,000 people employed, then it might be considered the lessor of two evils.
Unions get more attention when they threaten to not make Twinkies than when they threaton to not make cars.
quote:Well. . .there you have it. . .
A bankruptcy judge imposed contract concessions that 92 percent of union workers rejected and they went on strike last week. The contract concession included a pay cut of eight percent and 17 percent in benefit reductions across the board. This is the only way the company could stay in business.