The media hyping it up once again.
Retrenching those 747 pilots who did not take up the leave without pay offer.
Not sure 'down training' is the right phrase, more like getting current training again on something they flew previously before they were on the 747.
Correct me if I am wrong, but the reduced pay is probably only the sector or per diems pay, I bet their basic pay is unchanged.
And as for the $250,000 quote, thats a Capt on the 747 after 10yrs service in that role.