They (CTC and EZY) need you
I think CTC need the cadets, but EZY certainly don't. They can get pilots from any number of sources, like OAT. Im sure you know that the T's and C's for Oxford students, are even worse.
CTC believe their hands are tied on this one,with Easyjet making very tough demands, as they are keen to reduce their training costs. Given the current state of the industry, what are they to do? Easyjet hold all the cards now, everyone is fighting for survival, including CTC. It's a supply and demand world, CTC need to adjust to their customers needs, or it is gone.
If anyone is to blame in all this, I believe it's the Easyjet management. Of course they want to reduce costs and maximise any benefit they possibly can out of this recession, but surely they have taken this a step too far.
What comes of this, is a pool of pilots living below the bread line. As has been suggested before, working under this contract is liable to have the cadets digging deeper and deeper into debt, at least until the type rating is paid off.
Above all, it shows a complete lack of respect for the profession and an absence of any morals.