"Morals and production will come crashing through the floor". I am not aware that a pay cut will lead to licentious and lascivious actions on behalf of the workforce \(or is this just the Unite members, all 13% of them; Mr Sibbald, I think we should be told exactly what "morals" are in jeopardy) Oh no, silly me, of course we already know, probity being top of the list.
I think you mean:
mo·rale [muh-ral] noun.
emotional or mental condition with respect to cheerfulness, confidence, zeal, etc., especially in the face of opposition, hardship, etc.