Originally Posted by sailingfun

Never pedaled liquidation. The only reference I have made to that is people stating the company will file chapter 11. I have simply pointed out if it comes to that revenue has not returned and a reorganization is unlikely. Chapter 11 works when a corporation has a solid revenue stream but a debt problem. It does not work when the problem is revenue of which we currently have virtually none. I have also repeatedly stated I don’t think it will come to that as I expect revenue to start bouncing back in the fall. If it does not rebound I fully expect the company to file for release. We will then have to convince the mediator the company does not have the need and if that fails convince the company we can pull of a successful strike if they impose.
Come near the end of summer without good indications of a return in revenue occurring our union needs to start planning and preparation for a imposed contract. To do otherwise would be simply stupid. That means a solid education campaign and a strike vote at the appropriate time.