Busted Knuckles reports that prior management had "diverted workers' pension money for other company uses." If the report is correct it is despicable but probably pretty typical.
No corruption in the private or public sector would much surprise me anymore. While the union hands who basically walked off the job were short sighted and, if I may say, rather stupid, the company may have been ripping them off for years.
This story has lost a bit of lustre for obvious reasons, but it is still an important tale that needs to be told. All facts need to see the light of day.