No max I don't get it either!
Redundancy is a fact of life, we all know the risks involved when we take employment at the bottom of the seniority list. I've been made redundant before with another airline, and such was life, there was no discontent toward the seniors, and this was an airline where almost everyone was a strong union supporter. Just because Cathay has never had to make people redundant in the past that doesn't mean it doesn't happen elsewhere.
Having said that, you're not that naive to believe the bit about SLS will ensure people are not made redundant?? How long have you been with Cathay???