Gentlemen,
You have done exactly what your Management wanted you to do: by seemingly 'talking out of turn', and mentioning expat redundancies, your Management rid themselves of the ambitious, and those who were lukewarm in their support for the company. What they are left with are the locals, the unambitious, the optimists (who think things will get better) and those who could be financially challenged by leaving. In other words, they now have a more compliant workforce, who will be prepared to put up with whatever s**t they may care to throw at them.
There is a saying in the Middle East that promises are made to be broken, and this is what will happen with GF: your new package will be cocooned in such woolly terms as to be open to several interpretations. You will become the butt of mushroom management.
You will join the ranks of SV and KU ferrying expat labour to and fro: standards will be allowed to drop even further and hiring will be restricted to low-wage countries. You are now all part of a Government Organisation, with the attendant disregard for excellence, customer service and punctuality that this brings.