Whoops,
If this is correct it is extremely sad, and short sighted of Monarch (although I concede that it does give greater profits).
As a low hours pilot I had been thinking of the CTC scheme, and don't mind being bonded to pay back the training cost invested in me. I however do object to being permanently on a lower pay scale/t&c's after this has been paid off.
Surely as a group of professionals we must have more self worth than to accept an offer like this?