For christ sake guys you are the ones that signed the new contract when you joined you have only yourselves to blame there was much written about this at the time but you still SIGNED the contract on the reduced terms and conditions. It is impossible for the CC and BALPA to bargain when there are people who are prepared to join a company no matter what the terms and conditions.
Having said that Monarch still offer type ratings for no money and there are worse deals around.
I left Monarch some time ago but i still have many good friends there all who have been loyal and worked for monarch for many years. Do i think these guys deserve better terms and conditions to a bunch of whinging idiots prepared to take a job at any cost hell of course i do.
If you don't like it leave you could always join BA but oh don't they have a new contract now.