The pay negotations are underway, the first offer being refused, as far as we know.
From what I have heard the 20% cut is not quite that straightforward. It won't be 20% of the staff being made redundant. I don't think any of the engineers need fear for their jobs though, from what has been said!
Time will tell on this one, but there are going to be some changes, hopefully for the better.
"Some days you are the pigeon, some days you are the statue!"