No,I don't think so.
As far as I can ascertain, the newest, or most inexperienced, FO's have been told that some of them are going to have their flying hours reduced with the according adjustment in pay.
Not ideal, but I understand that they've also been promised resumption to normal pay and a refund when market conditions permit.
Eastern aren't the biggest operator, but they've always treated their employees decently and, as far as I know, honestly.