The current CEO of the company Rotstift came from before joining adidas, said that he hopes he will not be compared with Rotstift - everybody hated Rotstift there also. A truly inspiring CEO...
Running for the oceans or faking that he learned being humble for the sake of PR does not build a character.
The statement from the other post, that people should start looking elsewhere for a better employer is correct, but we should not give up without a fight. The fact that they put pressure on the Works Council (that seems to be sleeping) should motivate people to start talking to lawyers - be smart!
Rumors of layoffs cause the share prices to increase, but you can already stop buying adidas products - share the word with the world, family, friends and stay smart.
And don't forget to live the three Cs : cause, case, court.