Re: I would propose a law stating that...
After massive sacks, bonuses can't be paid to executives for the following five years.
That's the sort of protectionist legislation that's left the French economy as the sick man of Europe. I think companies should be at liberty to dump staff whenever they want, subject to two caveats:
1) Where jobs are moved offshore, duties should be imposed equivalent to the avoided UK employment taxes. At c13% employers NI, say 12% employee NI, and an average rate of 7% for income tax, so that'd be about 32% of the UK salary. That'd make UK based companies think twice before hollowing out the UK economy.
2) Statutory redundancy pay to be significantly higher, and with few get out clauses for employers. If companies need or want to get rid of people, let them do it. But as somebody who has been lucky enough to be paid off handsomely twice by virtue of generous employers, I'd like to see that cushion far more widely offered. And the thieves of government could also raise the tax free element by about double.
I suspect that there's more than a few of HP's discarded workforce who are actually delighted to have gone, if they've had decent exit terms.