Some of you may be wondering why, with the threat of imminent redundancy, the current crews at Olympic are not stampeding to join the 'new' Olympic. I have no interest in joining the 'new' company, but was flying recently with one of our pilots who was an FO at the 'old' Olympic for many years. He is a Greek from Athens and says that the new airline is deliberately employing foreign crews to break up the union hold on the company. Very few crews from the 'old' Olympic are applying because under Greek Law, they will get re-employed somewhere in the Greek state system at their old rates of pay, even if it is not in a flying positon. Therefore, if you are a senior A340 Training Captain and presumably earning a lot of money, there would be no incentive whatsoever to go to a cheap and tacky 'new' Olympic and work for loads less. Sounds like a pretty grim deal to me, but I fully understand the need in the current difficult climate.