You have to look hard to find out any reporting on what “draconian” cuts the union claims the company was demanding
Here are a few clues to what the unions turned down. Mind these came from a company that was already in Banrkrupcty
Here is the 8% cut- only for one year. Then raises thereafter
http://www.perishablenews.com/index.php?article=0024285
Here is restructuring to put new hires under a 401K plan, which what nonunion and management get - and to reenter Teamster pension plans on a case-by-case basis
Also some changes to wasteful featherbedding work rules
It's my understanding from a thread yesterday that these terms were ordered (or agreed upon) by a bankruptcy court, so it's not like the company arbitrarily gave the union an ultimatum of some kind.