Originally Posted by srhoades
Apparently the situation is a bit more complex. I heard a radio report that about 10 years ago the company was taken over by hedge fund managers and bean counters and ever since then they have been slowly screwing the workers year after year in order to maximize the bottom line. Do companies have a right to make a profit? Of course. But when it comes to the point that you are dehumanizing your workers and treating them like factory equipment, the potential evils of capitalism pokes up its ugly head.
Do unions likewise have potential evils? Absolutely. Once they start getting in bed with politics and ignoring their responsibility to negotiate a fair wage they have overstepped their bounds.
I think both sides have a share in the blame.
The company was in bankruptcy. If it could pay its debts. In other words the income could not pay its expenses. Not very complicated.