After the 30% cuts in 2005, loss of pension in all reality, no pension for new employees, double cost on health insurance with less benefit... it all adds up.
There's more to it than just one number.
I have no problems with alot of the first cuts. However I wonder what cuts the CEOs and management made? Did they give up all bonuses,take a 30% cut in pay and other similar efforts to truly get the ball rolling?
Everyone needs to ante up so to speak.