I thought it was the case that MPL students are trained type specific and to the company SOP’s that they’re tagged to - they couldn’t even go and rent a Cessna from a local flying club! Therefore they would need to be taken on by another airline operating the same type to continue their training as an MPL student. Not sure what happened to those easyJet ones last year that we’re getting dropped right at the end of their course? My understanding is that after 1500 hours the student can then apply for an ATPL like everyone else who went down the traditional route, but they need to get those hours first otherwise it’s a worthless licence.
A reasonable scheme in good times, where the risk of getting binned off may be low - unless the airline is paying for it in which case it’s a no brainer, but wouldn’t touch it with a barge pole right now if self funding..