TRANSCRIPT
Freefall in color by many folks.

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Mr. Hillman: I didn't know things were this bad.
Mr. De Morel: They are.
Mr. De Morel: Labor costs are small compared to our overall operating costs. I cut every place else I could before getting to you guys.
Mr. Hillman: Have you cut your own salary?
Mr. De Morel: Labor negotiations must be done in good faith. I felt it would be a sign of good faith if the union went first.