EI has already stated in March when 2008 results announced that they expected Net cash to be between 400-430 Million Euros at end of 2009 and that was forecast on a small loss.
Given that out of the 600 million at 2008 Year end EI is committed to paying 125 million to pay off those redundant and capital expenditure then the 400 million Net cash forecast at end of 2009 is looking very unachievable, it could be as low as 300 million.
If a sustained profitable recovery doesn't occur in 2010 then EI stuck in the position of it can't afford to sack people and it can't afford to keep them with the losses.