Relevant:
- In a first, bankruptcy judge rules Calif. city can void union contracts
- Bankruptcy juTge opens door to employee contrcts being voided
- Union Thugs Resort to Despicable Ads to Garner Support; Vallejo vs. Local 2376, Collective Bargaining Rights Discarded in Bankruptcy
- Vallejo Bankruptcy Plan Offers Unsecured Creditors 5-20%; JPMorgan CEO Forecasts More Municipal Bankruptcies; Bernanke Will Not Rescue Cities
- Ohio Union Negotiators Picket Union Teachers in Contract Dispute
2009-03-17 — blogspot.com
In the first ruling of its kind, a bankruptcy judge held the city of Vallejo, Calif. has the authority to void its existing union contracts in its effort to reorganize, holding public workers do not enjoy the same protections Congress gave union workers at private companies.
Like, duh. What's the point of having an agreement you will be paid some amount of money, if the money's not there to pay it? I know everyone thinks its a horrible disaster for contract law if union contracts or mortgages can get busted by bankruptcy judges, but what other option is there? Continuing to pretend?
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