I seriously feel if the Airbus/777 pilots are asked to take 6-12 months leave (be it paid or not) they need to consider this!
The company has paid you a salary to sit at home, wives to drink wine in the plaza, kids to go to international schools etc for over a year.
You should consider this or you will end up being let go. Don't think you are owed anything. The industry is in a mess. People are packing shelves that once commanded a 777/380/737 etc.
Personally I think if you don't take what is being offered you can start packing up because they will not pay you to camp out in DB anymore - and I don't blame them.