How are union plants going to make out if DFA buys them??? Major cuts or life goes on business as usual??
6 replies (most recent on top)
Union agreements with new owners will have to be renegotiated. New owners will probably not try and change the majority of agreements and negotiations will focus on whether or not to honor past seniority, insurance benefits, and pension. The pension is the one thing new owners are not going to cave on. No new owner is going to be open to participating in any severely underfunded pension plan.
And the above is assuming a plant gets sold in Chapter 11 and there is an ownership handover without the plant ever closing. If Chapter 7 happens, plants will likely shut down before being bought and new owners will start over with a clean slate- will have to apply and be hired, reorganize, and start negotiating from square one. Whatever the new owners were offering related to pay and benefits before voting to reorganize will be the starting point and not the past contract with Dean Foods.
That's why you and me work in a factory dope
OK,Brave heart! Learn how to use proper grammar and punctuation first!
You and your submissive attitude are a joke. I'd rather be out of work than be a scared pu–ycat jobs are plentiful
Funny how you think you have the upper hand in negotiating and are safe! Typical Union mentality. What you don't understand yet is that new owners can do whatever they want. When this goes to a chapter 7 you'll be out of work.
Dont run scared and dont be willing to take any cuts at all. we deserve what we get paid. Plants are profitable will flourish those that dont will get closed