I think they're claiming that it's important to have a real, credible, well communicated threat of consequences for not following the mandate.
1. In Europe salaries are not worth personal sacrifices
2. No compay aims for IPO, few are public
Maybe, if you'd hire only desperate people from Spain, Italy, Poland, Greece, and Romania, AND they all had a mortgage... then squeeze like this would work.
That's exactly it!!
Refusing to do what you're told will in fact get you fired in most European companies as well. I actually witnessed that happening not too long ago. So what's even the argument here?