As ever NSF has hit the nail on the head. A lot of the announcement - made public before informing the workforce - is purely a tool to redeploy the workers elsewhere at the convenience of the company at the cost of the individual.
The ultimatum being redundancy, or if you are lucky and arrive in Athens on the 1st of march to open our new base on the insulting contract that can be found inside, then we may find a way of keeping you on.
People will take it up for 2 reasons:
We all have bills to pay and mouths to feed.
We are mugs and will accept it without contest because there are no options at the moment.
Other underlying issues in the press release include the concept of pay per flight training allowances, and worryingly, a floating seasonal supply of CTC pilots with little experience, little continuity, given no time to consolodate, who are living from hand to mouth in constant fear of termination, and no future on the horizon.
All of which leads to a very unsafe operation and an unpleasant environment.
The AA, Cortaulds and Debenhams are a very different place. The employees don't pay 100k plus to gain qualifications and there are numerous alternatives for similar money if you don't like the uniform. Right here right now the economy is being used to trample on the captive audience.
As share holders the workforce do have a vote, which includes any belief of confidence in certain individuals.
There - got that off my chest.