Are the management hoping to delay until the exodus or just hoping all the senior guys leave and can be replaced with cheaper cadets??
Unfortunately this seems to be the way of thinking of alot of short-termist financial / MBA types, in almost all airlines. It will all come to a horrible end, but probably not for a good few years yet. In the mean time a race to the bottom for T's and C's is well underway.
If only we could sack all the directors that make these sort of decisions and replace them with new graduates on a pay-to-work internship.