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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (685635)11/20/2012 11:03:29 AM
From: i-node  Read Replies (1) | Respond to of 1570515
 
Here's a silly question. Is there a way the unions can make themselves part of any potential buyout?

Something like getting a court order ensuring that whoever buys the Hostess brands must employ the same union workers at the same factories?


I don't know. Bankruptcy courts have a lot of power but that seems like it would be pursuing the interests of the unions to the detriment of the company.

The court is definitely trying to get them to come to terms, and from his comments, he doesn't seem to impressed with the unions' decision:

"Many people, myself included, have serious questions as to the logic behind this strike," said Judge Drain.



To: Tenchusatsu who wrote (685635)11/20/2012 4:14:03 PM
From: combjelly  Read Replies (2) | Respond to of 1570515
 
Tenchu, the unions aren't the problem there. Did you know that management gave themselves hefty raises while demanding the unions take significant cuts? By hefty I mean from 100% to 300%...