Originally Posted by
sailingfun
Its quite simple. Once you are in mediation either side can ask the mediator for release to self help. If the mediator grants release the company can impose a contract and the union is free to strike. Guys have posted the company would never due that but then post the company will file chapter 11 to void our contract. I think option one is far more likely if we don’t get a reasonable rebound in revenue by the end of the year. This exact thing happened at NWA with the mechanics. The mediator granted release and NWA imposed terms significantly worse than their table position. The mechanics struck and we all know how it turned out.
Boy you are making it, the NWA mechanics strike, much more simplistic than what it was. First off they had a 30 day cooling off period which you conveniently leave out. Also the strike took place in mid to late August 2005 with NWA entering into bankruptcy the very next month and gutting pretty much all the contracts. But you are right they got to do whatever they wanted because they were past the amendable date. Wow what a stretch.