BOGOF,
As the main investor owns 70%, he will have approved of the changes in the first place.
If by this (and I think you do) you mean that he/she approves of taking on type rated pilots to save the company money then they have seriously underestimated their business plan and are not looking far enough ahead. When you keep chopping at the foundations of a business, it will eventually fall. The foundations of any airline are happy content pilots and cabin crew who want to go that extra mile for the company but without that, the future state of any business will be in doubt.
This reminds me of a colleague who told me his company director tried to make three post holders redundant without actually realising that they were needed for the AOC and without them, the CAA would have pulled the AOC. There are some serious amateurs out there!