JALLEN wrote:It's not clear the brands will disappear. The bankruptcy trustee will liquidate the assets which most assuredly includes the brands and trademarks, and perhaps a new operator will be able to make and sell these products satisfactorily, depending. It may be that some of the employees will find work in those new operations, after whatever delay is involved in getting things settled. The hedge funds/private equity investors lose, of course, and potentially some of the creditors will take haircuts, depending on how valuable the assets actually end up being.baldeagle wrote:This is a classic case of stubbornly standing on principle even to your own detriment. Thanks to the union's stubborn attitude, 18,500 people will lose their jobs and a famous brand will disappear from the scene. I seriously doubt the union will learn anything.
This is part of the cycle of life, survival of the fittest, etc. Waste and inefficiency eventually takes its toll, sooner or later.

Jim