POSITIONS being made redundant is what happens when a surplus crew on type exists.
B747 classic crew POSITIONS were effectively made redundant "on type". Excluding the redundant FE's, those pilots concerned were not made redundant EMPLOYEES.
The Classic pilots were not made redundant employees with the reduction of flying on the Classic (read: zero flying) so what makes you believe the case would be handled any differently now?
However, this situation has been DIRECTLY caused by aircraft and routes being gifted to entities outside of Qantas mainline, with mainline pilots not being given the opportunity to bid or negotiate for the work.
Interesting situation, with every pilot on the B767 employed by Qantas years prior to the launch of Jetstar in May 2004.