Whats strange about this is that before they started trying to cut worker wages, the executives at the company had voted to raise their pay by a significant number. The CEO had his salary tripled, and the other executives had a increase between 50 and 80%.
Sure, even without the pay increases the company still wouldn't have had the funds to remain operational. But you have to admit, that this looks pretty ****ing fishy.
Edit - Something to thing about, but the Unions might have more more willing to compromise if the executive board hadn't voted themselves massive pay raises when the company was tanking.