Comment by sokoloff

Understanding the dynamics and likely limits of what those “union protections” would be critical to answering your last question.

Contract negotiations are back-stopped by strikes. If a union is asking for an extra $50M per year for their members, they’d better have a credible threat of a strike to back that.

I think most every employer would much rather fade a $75M strike expense than agree to the $50M every year expense. It breaks even in only 18 months on a cash basis, plus gives them additional union-undermining value in a very public display.