I don't think you understand how uninterested Europeans are in having a bunch of American companies set up shop and violate local labour laws and norms with impunity.
Is this the type of company you want around your people?
Where top executives make miscalculations, and receive great bonuses even if they mess up, to then offload their bad decisions on a workforce that will be at the hands of the state once unemployed, with all the societal issues that generate from that.
Why should the workers, and the state, get the sht handed to them, while the top executives and the shareholders get all the good stuff?
Maybe they should pursue a different type of working agreement for risky projects and look for contractors, not employees. Or maybe lay off the executive team and bring in ones who make better decisions?