I would think no recruitment at NJE until 2012-13 earliest. We have the same voluntary options as NJA which are 3-4 year programs. You'll have to wait until all those who take up options are recalled to work before any real recruitment starts.
As for fleet reductions, I'm not 100% sure but I don't think there will be anything significant. Some of the very small fleets (G4 & F900) are going/gone but not much more than that unless the opportunity arises to dispose of a few bravos or something.
Of course, I hope I'm wrong and we recover in the next 24 months....doubt it though.