No, the micromanagers need to be pulled into line because their ideas are hurting productivity and shareholder profits. I hope the new CEO takes a closer look at if this new framework actually is increasing efficiency because by the sounds of it there is not an increase in efficiency but rather strikes, bad PR and a hit to the upcoming quarterly and share price!
Micromanaging is proven to kill workplace productivity. It makes employees care less, take less initiative, become more focused on finding ways to circumvent the management entirely (this is why they're striking now) and just generally decreases organisational morale as the middle manager sees performance slipping, panics about being held accountable and losing their job and doubles down on draconian ideas which continue the negative spiral.
Employees who are treated well make businesses more money, as anyone here who's run a business can attest to. Obviously you don't let them have free reign but there is a balance between carrot and stick that any good leader needs to understand.
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