Tell you what I think.....
There will be NO compulsary redundancies. These things will work out. A sh1t load of people will leave voluntarily to BA and VS etc, when it comes down to it, I would not be surprised if TC and FCA etc "borrowed" some for next summer to help out and by the end of that period, the redundancies will be mitigated. Some may join TC permanently I hope. At least it would stop training going on into August next year!
I hope my gut feeling is correct.
Shares now 6p... overvalued perhaps in the event of a debt for equity swap. And that WILL happen soon I promise. It is either that or the banks will pull out full stop, they need to protect their money and take control fully.