This mangement are doing nothing more than what JH didn't do.
When JH came he stated there were only two ways to go; downsize and restructure or spend your way out. He opted for spending.
Now that has not worked as well as intended, the only option left is to downsize and restructure in order to become efficient and profitable.
Otherwise, it may as well be publicaly stated and committed to by the Government - GF we dont care if you lose money, we dont care if you are inefficient and unproductive, we dont care if the public have little faith in you, we dont care, we dont care, we dont care, we will fund you until the sun don't shine anymore.
The demoralisation of the staff if predominantly through lack of coherent communication, confusing messages and no visibility of the restructuring team, and of course a package that is a long way from the majority of staffs (unrealistic, extravagant, irresponsible and immature) expectations.