There have been many of us who have commented on here that the US style of "bankruptcy" where you can just write off debt and the business carries on (Continental were of course the past masters at doing this) is unfair competition to other carriers who have to compete with them while fully honouring their own financial obligations.
And these carriers, while forcing reductions on employees, seem to always have money for certain managerial groups. ATA, recently bankrupt, managed to find $1m to be offered to a select group of managers at the top in addition to current, completely uncut salaries, if they didn't leave for a few months.
http://www.indystar.com/articles/4/193758-3334-105.html
So we can't really be surprised if their own employee groups get irate about it too.