The contract positions (based on past ones) are full time, but for a set period of time .... you wont have time to work for another airline !!
And no, QF employees cannot work for another airline due to conflict of interest reasons, and confidentiality reasons ( I have asked before when enquiring about leave without pay). The only circumstance you are allowed to work for another carrier whilst employed by QF, is if you are seconded by QF to work for that carrier.
Hope this helps.
And as for 'unky-Geoff's' speech ..... when he was talking about outsourcing a particular group of staff, I believe he meant telephones sales/ Res ..... heading to India (as he called reference to Telstra and the banks - thats whta they have done).
They are still saying the LHR base will be offered to current QF crew first .... but with lesser conditions, so I doubt many QF crew will apply to transfer there....