Unions Wield More Influence in Bankruptcy
Labor unions challenged by bankrupt companies, especially in recent airline bankruptcies, are trying to show they have muscle, too. Unions are using the strike threat as a way to force the hand of bankrupt companies. However, some legal experts caution that unions can do as much harm to themselves as their companies by taking a stand in bankruptcy. And some question whether the threat of a walkout really does carry much weight.
See "Unions Wield More Influence in Bankruptcy", Associated Press, The New York Times, April 6, 2006