Actually PARC refused to accept the VAC paycut as per the contract. They didn't absorb it. They refused to accept it. That is why PARC are not getting any slots.
Maybe i'm wrong,, but the senior RAL representative pilot who earns 1000 a month extra, was in the local paper 18months ago telling the press how wonderful it was here, how everyone is really happy and how all the expats earn over 10 grand a month which is wonderful. blah blah etc etc. Anyway 6 months later we're getting a pay cut.
I was always told to never say life is great because management will take something away. Also to never pay for a type rating or Airline training. It's probably good advice!
It doesn't help if pilots are continually taking in gifts and money to get favours from rostering. It just gives an overall impression of being over here and over paid.
You reap what you sow..
By the way, just for clarity. VAC cut your salary. not RAL. They just accepted it on your behalf.