If they come up with the 231,000 signatures in time, the matter will go to a referendum in November, 2011. The results of that referendum vote will give us a real good idea of how we stand for 2012. I’m not sure what you find inaccurate about the article incidentally.
The reference to “bidding on jobs” does not sound like what understand the unions are fighting.
If this is a stand alone vote then it might pass because an apathetic, ignorant electorate will allow the fanatics more power.