I am shocked by this!
They did the right thing...something leftist union folk rarely do.
A hat tip to them :-)
Yes, it restores your faith a bit that when people are posed with a tough dilemma they will go the common sense route. Their options were limited, if they would have said no to this deal, it could have blown-up the entire Bankruptcy ( many moving parts and they will all need to work in unison ) and they could have ended up with a pittance or nothing.
It is obvious that they could either agree to this, or have something worse rammed down their throats. Their pensions and benefits were going to be cut, if not eliminated completely.
I fear that it is still not enough.
More cuts are needed to stem the flow and it will take decades to recover.
If ever.
The "hammer" was bigger.