None of this will come as a great surprise to anyone who has been in the industry for any length of time. If anything things are getting worse and I agree with the correspondent who suggested bailing out while you can. there are just a few of points I want to make namely:
1 If the rumours are true then most of the top end of BHL will go taking a huge tranche of experience with them which - though it will provide promotion for the next generation - is disaster for any company and is contrary to what most of the oil companies believe (?) they are paying for.
2 Those who may benefit from this should remember that they wil be the next most expensive sector of the company to be 'hit'
3 Those pilots made redundant will probably find themselves contracting for one or other of the companies in Aberdeen - is this the end game of the employers - remember the industry is largely controlled by North American based interests who are by and large contractor based
4 Ours is the only industry in which a move to another company means a demotion rather than improving one's prospects. Whilst this has been agreed in the past to protect employees in a company, perhaps it is time that the unions and employees had a rethink as it may well be a way to improve our lot in the long term