“The International Association of Machinists just succeeded in negotiating a humiliating defeat with Caterpillar after a 15-week strike. Workers lost considerable money by striking, and then lost even more with the new contract, accepting almost every concession the company demanded despite the fact that the company was sitting on a record .9 billion in profits. The union let scabs cross the picket line and failed to stop production, almost guaranteeing defeat.”
The full article can be found here:
http://workerscompass.org/?p=6655