No, they have mountains of debt.
The failure is due to mismanagement of a corporation over decades, not a recent union strike. They have been losing market share since the 80's, and instead of changing how they come to market, changing the product, or a host of other options, they blew their cash reserves attempting to gobble up competitors.
but hey, instead of talking about the truth, lets parrot conservative talking points, blame the unions, and take pop shots at liberals!