The only pilots who might be offered a ‘position’ would be a former TRE who might find their skills in demand in the short to medium term- depending on fleet, projected training demand, etc. There are also some legal hurdles to overcome in terms of having been made redundant only to return quickly as well as some internal decisions about how quickly someone who was made redundant can return to work for the group and on what conditions.
A redundant Captain returning as a line Captain? Nup. Not going to happen.
Did QF over cook it? Not really. The A380 fleet is at the right numbers for five jets which is all that is projected for the next 12 months. The A330 they may have let a few too many go but the flow on from promoting people to A330 captain has ‘right sized’ other categories such as 787 F/O and absorbed the RIN.
Where the only time we’ll be really sure if they’ve overcooked the VR/ER is if they decide they want all 10 A380s back by the end of 2022. But who would have picked that as a likely scenario in August 2020 when they launched the VR/ER process.