You are Chief Engineer responsible for the day-to-day operation of a huge engineering company whose output/products tremendous contribute to the country's GDP mostly through export. In recent years due to multilateral trade arrangements, the company is in a situation where there is stiff competition from imports of some products produced by your company. In addition to thousands of employees, the company uses the act of Artificial Intelligence in performing key engineering operations in sensitive areas but at a limited level. Almost all your labour force is unionised. As the responsible person, the union workers come to you and claim that they are underpaid while in reality these workers are paid above average. You have been informed by the Chief Executive that the company will replace some staff with more artificial intelligence machines if their wages go up again. Moreover, there is little work elsewhere, making replaced staff highly unlikely to easily find work sometime soon. Task: If you are given the task to resolve the said conflict within a very short period of time if not you stand to loose your job and position, precisely explain what utilitarian and respect for persons approaches could you use in dealing with this situation?