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27. Re: Out of the Blue Nov 18, 2012, 06:03 Bhruic
 
PropheT wrote on Nov 17, 2012, 20:43:
They did, but the reality is that they held out for a bigger payday for the workers on a company that was going under because of labor costs. The union chose no jobs at all over the deal that was being offered them, so the idea that the union was protecting those people's jobs is kind of out the window. They were in a position to negotiate raises or concessions by the company to give back to the workers in the event of a return to profitability, but instead this is what happened.

The idea that management was negotiating in good faith is laughable. Hostess got bought by a hedgefund (well, two actually), loaded up the company with debt, paid out massive increases in salary to management while cutting salaries for the workers, and then declared bankruptcy when the workers wouldn't agree to even more cuts.

Read this for details of the management salary increases.

There are numerous examples of unions being the "bad guys", and in general I find they do as much harm as good, but this is definitely not one of those times.
 
 
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