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Collision Course - How Eastern Airlines eliminated middle management and gave their Union Workers partial ownership to save the company from bankruptcy (kolektiva.media)

submitted 7 months ago by [email protected] to c/documentaries

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[–] [email protected] 3 points 7 months ago* (last edited 7 months ago)

It didn't have a happy ending. :(

That doesn't mention how the deregulation basically caused a race to the bottom with airfares, which is what caused Eastern to try and cut wages, which is what induced the strikes. They would've gone bankrupt much sooner, but worker productivity skyrocketed when they had partial ownership despite agreeing to taking a cut in wages.

Ultimately management didn't want to give further ownership of the company to the workers (which is what they were striking for), and Frank Borman straight up admits in the film that other airline executives were already shaming him for having given the workers any ownership, essentially saying that the workers should always be kept in their place with a crazily candid eliteness.