Fines like this should be calculated based on % of corporations net assets. Something like this, say 5-10%. That would at least get their attention.
Same with personal fines honestly, percentage of income or total wealth, depending on the crime.
I’m having a hard time believing that industry executives are negotiating in even remotely good faith. If that were true, it’s not likely that a second major union would have joined the strike.
Such ridiculous pandering; get ready for the PR tactics that will make union demands look unreasonable and paint the workers as lazy and greedy.
No need for regulations, just set a price floor please. Only billionaires allowed.