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Labor unions which have members at multiple companies in one sector are often reluctant to make concessions at any one company, lest it erode their bargaining p
by nickff 3y ago
Labor unions which have members at multiple companies in one sector are often reluctant to make concessions at any one company, lest it erode their bargaining positions at the others.
- jl6 3y agoYeah, I guess, it just seems crazy that all 30,000 people losing their jobs could be a tolerable outcome for the employees.
- nickff 3y agoI don't think it is a tolerable outcome for the employees; perhaps they were hoping for another bailout? We should also remember that unions suffer the principal agent problem just as badly (and perhaps worse) than corporations and governments.