Are being wages owed here? If so, the company either can't pay them, and should be considered bankrupt, or is unlawfully holding them back, in which case they should be sued.
The parent was implying a common argument that a union will drive a company out of business. I'm saying, if there are poor decisions that drive a company out of business, then employees should still be paid. It doesn't make sense that employees should prop up the company by taking a pay cut.
But is this actually the case here?