JTL couldn't agree more but life is never that simple and I'm sure if you read your own company redundancy clause in your contract you will see how easy it is to take a different view.
Normally cost of retraining senior pilots, retention of pilots regarded as essential and fleet redundancy are covered in such a way as to make the whole process a nightmare for all involved.
Good luck to MYT one hopes when the debt for equity deal is finally thrashed out the company will emerge stronger to face the future.