So Stansdead, when you said you were leaving Virgin to do your bit and help save jobs further down the list that wasn't strictly true? You've since been asking around pprune about opportunities to escape your new low cost job, what gives?
For those looking to apply, Virgin are NOT recruiting and I suspect are unlikely to for some time.
There are Demoted Captains as well as Pilots on reduced hours, some more who have agreed to go Part time as well as a considerable number who have taken long sabbaticals. All of this would have to be undone with everyone offered the chance to return to full time work if they wish. Once that's done, the smaller number who were made compulsorily redundant and those who took Voluntary severance would be invited back. All this before any external recruitment.
The lifestyle picture that Stansdead paints is reasonably accurate in fairness though.
In short, don't get your hopes up. Time to command, as Fast Cruiser says, it's anyones guess. If time to command is critical to you then Virgin Atlantic is possibly not the place for you.