Admit it or not, union labor is the last remaining monopoly, and like all monopolies, will fall under its own weight unless the results are legislated. Then all suffer.
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
2001-2008: Dissent is the highest form of patriotism.
2009-2016: Dissent is the highest form of racism.
2017-? (Probably): Dissent is the highest form of misogyny.
You want to have a discussion about previous management then you better get the facts as to why they were not able to function within the market.
Paying $20 an hour to make Twinkies, is part of that reason. But it is a whole other topic and at this point, not pertinent to the actual decision made by the Union.
A business when faced with such absurdity from a Union should be able to sever all Union ties and start new. After all, the business does not belong to the Union or it's members.
The business should have been able to just fire everyone in that Union, and start fresh.
What do the fatcat shareholders get? Probably still getting their fat dividends and paying a tax rate lower than income tax rates.