I can't see a deal occurring as it would be in direct opposition to the stated company's direction for the future. They aren't going to change the off shoring to Asia and even if the government intervened and forced negotiations that is always going to be a sticking point. You need a third party (ie the government, a court case, or a takeover and removal of the board) to intervene and stop the company's outsourcing into Asia. Striking isn't going to do much.
So all that will happen is that jobs will be lost over a period of time as they slowly shrink the company.