Not necessarily, I think there is a place for turboprop operators in Europe and they need not necessarily be crap places to work. I think Flybe seems to be a decent enough example of an airline with a strategy and what seems like relatively happy crews.
Aer Arann will likely never be a Flybe but the principles are the same. Get the strategy right and bring the staff with you, then everyone's (owners, management, staff, customers) a winner.