Good example of why unions are stupid as all hell

Quote from CaptainObvious:

These guys are in for another surprise. They think that the Pension Benefit Guarantee Corp (PBGC), will pick up their entire pension. Ain't gonna' happen for most of them. Unless they're really close to retirement age, they'll only get a fraction of what they would have received. I been through this too when I worked in the steel industry. Go ask some guys that worked for American Bridge, LTV, Wisconsin Steel and others. If you have any real kind of time left to work you get virtually nothing of your pension.
You would think this guy's would learn. This ain't anything new. It's been going on since the 80's.
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Even better! It's turning out to be quite the Friday!
 
Quote from AAAintheBeltway:

In other words, exactly what romney wanted for the car companies. Instead, taxpayers got to bail out the unions and subsidize their above-market compensation.
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Oh, you're preaching to the choir. Tell it to Lenin (Ricter).
 
Quote from Tsing Tao:

Even better! It's turning out to be quite the Friday!
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When I saw this I thought of you. LOL!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3682040
 

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Quote from Tsing Tao:

Oh, and this little tidbit:

"As to the future of the iconic brands, fear not: Hostess' numerous brands will be bought in a stalking horse auction by willing private buyers, however completely free and clear of all legacy labor and pension agreements which ultimately led to the company's liquidation."

LOL. Brand survives, union doesn't. Fantastic!
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Now *that* is funny. Dump the union completely and start over with a non-union shop. All perfectly legal.
 
Quote from 377OHMS:

Now *that* is funny. Dump the union completely and start over with a non-union shop.


All perfectly legal.
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As it should be.
 
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