Hello.
if you vote the proposed agreement in then you give up your right to strike and you will be under your new contract for 6.5 years.
if you vote the proposed agreement down then you could be free to strike. However, a strike isn''t what would be significant. I couldn''t possibly imagine a US AIRWAYS employee wanting a work stoppage. What is key about this isn''t that you will actually strike, but rather, not having employees on board and "free to strike" would damper potential investors to your company. For example, could you imagine BOA investing millions if the company doesn''t have signed agreements? I would also bet that Texas Pacific has a conditional clause that would either have to be renegotiated or enforced if a contract isn''t signed. Investors are concerned if contracts aren''t signed.
Investors are primarily what the company is insecure about, and knowing that establishes that you have something the company needs...you on board.
What I presume is most likely is that the company will go back to the particular union and try to get its members on board with a modification. However, if the company really intends to liquidate then it now has a reason. Russion rulette I suppose.
Keep your eye on the carrot, it''s there in front of the company right now.
Interesting indeed, and good luck with your futures!