Certainly you can expect yourself and your peers to be fired. I don't think laws matter - Idera has reportedly fired entire teams in the past in countries with similar laws. I recall hearing of two times that has supposedly happened. In those cases, the employees did not band together. Perhaps that's the advice: do so. Find a collective lawyer. Advertise and promote the company's activities towards you; make their actions publicly clear. HN here is a good place. Do everything you can.