Not knowing the details but I suppose comparing Lauda, the low cost + version of Ryanair, to a balpa sanctioned BA low cost based in LGW would be like comparing Ezy to Volotea on the continent.. an absolutely enormous difference in T&Cs.
Sad thing is the pilots signing up for Lauda believe it’s somehow a competitive package.. and yes it’s tough times etc but the hole that’s being dug here is gonna be so deep it’ll be impossible to get out of.