Re: No settlement, EVER....
Giving 10% of annual revenue to said employees is ridiculous.
Of course it is. It the usual knee jerk extremist measure often espoused by certain sections here. It has nothing to do with any sense of justice at all.
These are huge multinational companies and this is a fairly peripheral issue when assessed against their sheer scale. It is an inevitability that companies of that size will be found wanting from time to time. Putting such huge penalties on matters of this scale does not benefit anyone in the long term.
So these companies colluded to not actively head hunt each others employees? Outrageous! Find them 10% of turnover! There was an industrial accident causing some limited and localised environmental damage? Disgusting! 10% of turnover! Two employees made a misleading sales pitch without management knowledge or involvement? Despicable! 10% of turnover! There was a balls up in accountancy and incorrect financial data was published? You get the idea.
These affected employees then end up with nothing - no payout and no job because the companies have collapsed. And no, they can't find find work elsewhere because every other company of any size has collapsed too. How are they benefited exactly? This is precisely what you are advocating, simply because you have let bloody minded vindictiveness cloud any sense of justice or proportion.