Once the workers are frozen into the capital-labor relationship, once that is dogmatically accepted as the permanent condition of the workers, once this business of a fair day's work for a fair day's pay is the conception, it inevitably follows that the workers must make concessions regardless of whether the union is strong or weak. The issue becomes saving the company or industry.
In reality the company, if they mean by that the physical plant and so on, is in no danger of going under. No natural disaster is threatening it. It's only the ownership that may undergo some changes, from one individual to another, or to another group of employers in the case of bankruptcy.