freightdriver,
Just hand in your application for your own sake. If the deal works out well for you, go ahead and enjoy the change for the better.
For the rest,
Whoever joining SQ Cargo "should" be rest assured of a long term job as your pay is capped at rather low level. For those in the main pax fleets, the ploy is there for them(the management) to get rid of the higher pay ceiling group. Eventually if they get what they want, SQ cargo presently suggested payscale is what they want for the long term for all fleets as the NWC(National wage council) gave the company the green light to comply with the 1.5 ratio of bottom to ceiling payscale.
Just another info for the rest, the number of crew volunteer to swich over internally from 744 fleet.... ZERO.... Of course soon you might hear some will do so, that's just because they are the ones with contract running out and there will be no renewal offered to them..