CR is not a threat, it's a requirement. Of course it is to be avoided and yes it will be expensive, that's why you won't get paid in full straight away, it'll be over a few years, no different to an insolvency and arguably that's what it is. Of course they will want as many as possible to take LWOP it's a better option for the company but not really an option for you personally.
When push comes to shove and they have no choice, CR is all that's left and seniority will play no part in it. Being junior won't automatically mean being redundant.