FlyBoeingJets
YES, that's NICE
- Joined
- Mar 20, 2003
- Posts
- 1,802
Big Beer Belly said:The U.S. Bankruptcy Code allows a court to dissolve labor contracts if the terms would prevent a company from returning to profitability. But the affected unions have said they would walk off the job if their contracts are terminated. Particularly galling to many is the prospect of losing their pensions.
Very interesting. Maybe this whole issue of beating up on labor is finally coming to a head.
Although I hope more knowledgable folks on this board will comment, here is my 2 cents until they do---
The courts and government want to see labor put 'back in thier box'. We have no real power as a group. Especially with the Railway Labor Act. The academic input on this 'unusual' combination of BK and the Act will do nothing more than comment on what continues to unfold. They will merely record it and put lessons learned in subsequent business texts.
The Republican congress and president will only show interest if it looks like votes will be lost.
I don't think the mechanics care if its legal or not to strike. I know I wouldn't. Management, lawyers and academics can debate the legality of a strike until the cows come home but if the worker has had enough he will walk.
Do I hope for a strike? No. I hope UAL management offers an olive branch and quits treating thier people like airplane parts. But I've learned that is not the American way in the new 'global economy'.