Originally Posted by
CargoOne
ps from late November 2020 there will be crowds of experienced and rated pilot happy to sign at 50%, but there will be no jobs
Why late November? Looks like it will be a lot earlier, at many places it's already a fact of life. Any opening, with the emphasis on ANY, gets instantly flooded with applications, up to the point that most carriers and agencies don't even support their online application systems any longer. And redundancies for 20-30% of the workforce with pay cuts of 20-50% for the lucky ones remaining keep coming in every day somewhere around the globe. easyJet, Emirates and Qatar Airways are the most recent examples. And, most likely, not the last ones.
So, everyone does the maths for himself/herself. Will you be better off long-term if you drop out of work for at least one or two years (doing what in the meantime, given that you can't even claim unemployment benefits on your self-employed contract?) or if you accept the new deal? Any decision on that is strictly personal and is a good one as long as the individual making it is not back crying in a couple of months.