If your employer is in bankruptcy and trying to restructure, what is the best course of action? Why a strike of course! That'll teach them! They'll have to pay us more then! Ummmm, right?
http://toledoblade.com/apps/pbcs.dll/article?AID=/20080616/BUSINESS02/613296211/-1...
The president of Performance Transportation Services Inc. said the car hauler and its related companies were ceasing operations Friday, five days after 1,250 Teamsters members went on strike.
Allen Park-based PTS is North America’s second-largest hauler of new vehicles and was operating under Chapter 11 bankruptcy protection.
In a letter to employees, company president and CEO Jeff Cornish said the bankruptcy court on June 4 authorized a 15 percent wage cut for Teamsters-represented employees for two months. The company anticipated negotiating a new, long-term contract during that time, but the Teamsters instead went on strike Monday.
Teamsters chief negotiator Fred Zuckerman said that PTS’ financial predicament stemmed not from the union’s demands but from the company’s problems in securing credit.
PTS delivered more than 4 million vehicles annually from 24 facilities nationwide with its fleet of 1,800 trucks for many North American automakers.
Makes me think of a Bob Newhart monologue:
"so they went on strike. Yeah, well um, well if we don't make any money, we can't pay them at all. ................... They still want to strike. Well we can't very well make more money if we don't have people. Well just close up the show. That's right, close it."
