All I can see is 1) Brainwashed union backers
2) Brainwashed company backers
both believing that the other is wrong.
What is needed is common sense on both sides.
No-one wants a pay cut, but maybe a guaranteed return to original pay when circumstances allow, some would accept in the short term.
It couldnīt be set on a certain profit in the year because figures can be manipulated. Maybe an independent group could oversee the criteria?