EK Lawyer - Spot on.
Its all about more hours out of less pilots. "Productivity Pay" is another way to say you get paid at half the hourly rate you actually cost on a normal roster.
This change is simply setting the foundations to extract more hours in future.
We can all look forward to higher average hours per month.
As for the pay review, the idiots will all say "Its great, I'm happy" because they are too stupid to figure out that they are actually losing.