I've often wondered the same thing. Another example is when a union shop goes bankrupt why doesn't the union buy them out? Some unions have very large strike funds available to them. Often it seems the union is very critical of management and this would be a good chance for them to run the entire company they way they see fit. Be interesting to see how long until union-management looks at some of the positions and the impact on the bottom line when its their own money on the table. I don't see why they would ever accept being put in such a position.