Updates
November 22, 2012: will liquidate. At $35,000/year, some employees said they would rather relax at home and collect unemployment benefits; not sure if they are still eligible for health care insurance provided by the company; ObamaCare coming
Original Post
And it didn't.
The same bankruptcy judge presided over mediation efforts.
It would have been fun to be a fly on the wall.
Judge: "So, where do we stand?"The company will now ask (again) to liquidate. Plenty of buyers out there. Will take about a year to close down / sell operations, some say.
Company: "We're losing $1 million/day on payroll for employees who are on strike."
Union: "I don't think the company is trying hard enough."
Judge: "Break for lunch? The 'court' will reconvene at 2:00 p.m."
Later:
Judge: "So, where do we stand?"
Company: "We're still losing $1 million/day on payroll for employees who are on strike."
Union: "I don't think the company is trying hard enough."
Judge: "It appears mediation efforts have failed. Any last words?"
Company: "No."
Union: "No."
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