I think I've missed the funny part.

For me it's just sad example that people mean nothing VS corporation.

Or am I missing some context here?

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Tried to respond to you but responded to OP lol

You mean people mean nothing to the unions. They extort companies and drain their capital until layoffs are the only way to meet the demands. I like the guy's comment above that say if unions bought company stock, or otherwise invested, they would be incentivized to care about both the company and the people.