Beags,
With regards to FTRS guys, as far as I am aware, there will be NO renewed contracts. This doesnt mean they are going to leave over night though as some still have a fair amount of time on their original contract.
Even if they do get rid of the FTRS guys asap, with the significant reduction in IPS and instructor cadre at the various FTS' around the bazaars, there simply wont be enough cockpits for all the "surplus" ME pilots. Linton in particular (a haven for ME co's) is a skeleton of what it was less than 18 months ago.