Instead of restructure, the uion opted for bankruptcy? Way to "protect jobs"?
"The company's attempt to buy more time failed after union leaders rejected a new restructuring plan that would have cut a fifth of the 19,000-strong workforce. The union said its members would have to be paid £70m in wages arrears before it would consider the proposals."
For decades they met union demands to avoid costly legal fights.. and in the end?
this is rather old, but telling: https://www.theguardian.com/business/2000/nov/09/2
Instead of restructure, the uion opted for bankruptcy? Way to "protect jobs"?
"The company's attempt to buy more time failed after union leaders rejected a new restructuring plan that would have cut a fifth of the 19,000-strong workforce. The union said its members would have to be paid £70m in wages arrears before it would consider the proposals."