How much longer would it have lasted?

Very likely not long, but probably past Christmas. And they might have been able to negotiate a merger that might have kept some jobs going.

Several decades ago the auto unions struck a deal with the major auto companies that essentially said that the unions would never be forced to accept givebacks, and if the auto companies did ask for a giveback they would open the books to the union and allow the union a seat on the board of directors.

So when Lee Iacocca became head of Chrysler while the company was desperately trying to stay afloat, he realized that givebacks were the only way to keep the company operating. So they had to open the books and put a union guy on the board.

The union thus felt that they were being dealt with fairly. I don't know if opening the books to the union is something companies do, but in some cases it might help.

As I said elsewhere, plenty of blame on both sides.

Nancy