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Posted on 14-04-2009
Filed Under (Bankruptcy) by admin
Mz216 asked:
I work for a company that I believe will file bankruptcy soon. We are on a 4 year union contract. Dose the company legally have the right to renegotiate our wages before the contract is up?
Thanks John. What if the employees say no way to a cut in pay? Then what do they do?
I work for a company that I believe will file bankruptcy soon. We are on a 4 year union contract. Dose the company legally have the right to renegotiate our wages before the contract is up?
Thanks John. What if the employees say no way to a cut in pay? Then what do they do?
Comments
justwondering on 17 April, 2009 at 5:14 am #
The company some leverage in re negotiating those payment terms too.
John on 19 April, 2009 at 7:13 am #
The union what they had to take pay cutbut that is what they had to do is talk it out with the union what they had to vote on hope this helps you out the whole bankruptcy thing and.