What a NO vote means........

Nov 20, 2002
The Bankruptcy Judge is not there to assure fair and equitable treatment of employees, he is there to see that creditors get their money. If he feels any group is an obstacle to a successful reorganization he will steamroll right over the top of them. He will simply set aside the 1113 letter and any scope or work rules he deems necessary to protect the creditor, not employees. The other option is simply for the Company to liquidate under Chapter 7. The Company also made it very clear there will be no renegotiations.