"REGRETTABLY, The Blade today finds itself in a labor dispute with the people who traditionally have mattered most to the company: our employees and their families.
"We wish it were not so. We wish that it had not become necessary to utilize a management prerogative with an unfortunate sounding name - a lockout. So we believe it is instructive to explain for our readers, and indeed, for our own workers, why we are at this point.
The simple truth is that The Blade is bleeding financially and cannot continue to operate indefinitely under such circumstances. The company would not be proposing wage reductions and other concessions if our economic situation were not so severe. Our unions, in fact, do not dispute that our financial condition is dire. One of them, the International Brotherhood of Electrical Workers, has already accepted a new contract."
One can only hope that the unions become suicidial and act like Kamikazis as reality hits pseudo news rooms across the land.
A signal day, Dave. A surfeit of good news!!