So easyJet have just ended the consultation for UK pilots with no compulsory redundancies, in the face of an enormous reduction of crew requirements.
All dealt with by BALPA and the pilot community looking after one another through the use of Voluntary Redundancy and a massive uptake of several part time options by the vast majority of pilots.
As you say, that will ensure an ability to rapidly respond to any future improvements in air travel quickly without a shortage of crew.