While Cities Count Slowly To (Chapter) Nine: Three Steps Public Employee Unions Can Take Now To Prepare For Coming Municipal Bankruptcies.

Mondaq Business Briefing › Nbr. 2009, January 2009

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While Cities Count Slowly To (Chapter) Nine: Three Steps Public Employee Unions Can Take Now To Prepare For Coming Municipal Bankruptcies.

Many cities and counties are facing a coming financial crisis as their lack of foresight combines with the most difficult economic times since the great depression. Some of those municipalities may consider what a few years ago was nearly unthinkable: using bankruptcy (or at least the threat of bankruptcy) to break or renegotiate their commitments and to reject their collective bargaining agreements, cutting benefits and compensation ...

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