Hearing that the 737 Expat pilots have been told to either take indefinite leave without pay, or pay in lieu of termination notice.
Sounds like Chazwazza14 is correct.
Got to pay for a 40% holding in the other company somehow so as the Superannuation fund can get some of its money back. That's the trouble when a Government owns an airline, they say what to do and the Management can only say yes sir.