Salaries are in the 10th-25th percentile range for similar positions in the same industry and geographic area ( non-managerial positions). Basically you will be working at a bargain rate, so you might as well keep looking. Also, I am not sure what direction the company values and culture are heading. If you are non-union, non managerial member of the normal staff, your outlook on the future of the company will greatly be affected by the relationship between the union and the company as well as the competence of the middle and upper management. I do not wish to speak for my co-workers but I wouldn't be out of line saying moral is extremely low due to several factors that are mostly associated with management's abilities or inabilities for that matter. In essence, do yourself a favor and don't waste your time and effort in a company that many long time veterans are starting to flee from. That's a significant statement to the corporate office on the state of things that speaks louder than anything I can say.