I will focus my energies for now on getting our policitcal leaders to write legislation reform and introduce Bills to protect labor. If employees financially are wiped out during co. bk proceeding, you won't have a workforce that will produce, commit, and be loyal to turn a co. around,espeically a business that is service oriented.
If the courts are to be involved and protect creditors, I expect laws to protect labor in these proceedings from their contracts, pension from being wiped out to save creditors investments. After all, Labor has an investment as well, and those interests should be looked after.
I am more for labor's financial survival then the company's. Once the co. pulls a BK, then there needs to be legislation that protects the workers in that type of arena.
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