There are no other jobs, no instructor positions, no entry level turbo prop jobs...
Oh dear, oh dear. Flybe, Eastern, Highland etc have all been recruiting over the last 18-24 months. Flybe recently took on another 16 guys ex-Jerez. They won't pay for their rating and I think may have been part-sponsored. They'll certainly be paid more than the above scheme, with a proper contract, a pension, proper staff travel and the prospect of TP command or RHS medium jet in just three-four years. It ain't perfect but it ain't CTC.
The misguided notion, fed to ab-initios, that they can expect to complete their training and go straight to the RHS of an A320/737 is, in part, to blame for this scramble to the bottom. Direct RHS seat of a medium jet has always been for the minority of ab-initios, NOT the majority. Flying schools, blinkered wannabes and plentiful credit have not helped our industry.