The dumb ass union won’t believe the company about liquidation, and they will be without a job. Happened in Carlisle Pa a few years ago with Fruehauf Corp. They built Tractor Trailers. The employees believed the union leadership and were stunned when the company closed its doors and went out of business.
Same thing with A&P foods. The place was huge. There must have been at least a thousand people working there with a 24 hour production line.
The union wouldn't budge. They wanted more, more, more. One night, the trucks pulled up at the loading docks and starting hauling out the equipment.
Last I knew, the building had been torn down and a restaurant built in the empty space.