Thanks to everyone for their input...
If things do turn sour then the one word that has been mentioned is 'seniority' which in essence is LIFO. We have no union representation or recognition but we do have a reasonably good working relationship with management.
In my case the fleet that I am on will be restructured but the other fleet in the company will go untouched. Are pilots on the other fleet likely to be affected or can such a situation remain 'type specific'?
The one thing I can't get my head round is that it appears that the position has to be made redundant and not the person. When looking at this in greater detail, if an airline has too many Skippers for example, if the position was made redundant then in theory there would be no crew left? Or have I got the wrong end of the stick. Perhaps this is where BALPA have fought for the LIFO principle?
Parsnip - Thanks for your help with posting that link. Very interesting.