Can you explain this successor language that the board feels is so important?
The successor clause, listed below, addresses the condition of a sale of the business that the purchaser must honor the contract as it is until the expiration of the contract. This prevents us from being sold and having the new owners decide they are not a party to the contract and essentially making the plant non-union.
The collective bargaining agreement shall be binding upon all parties hereto and their respective successors, purchasers and assignees.
The parties agree that in the event of a sale or transfer, the new employer will agree in writing, as part of any sale and / or transfer agreement to assume the provisions of the existing collective bargaining agreement as practicable, and as permitted under applicable law.