Just to play devils advocate for a minute - the interesting point will be to see how many actually PVR immediatly after the final redundancy tranches/names have been announced. Personally I don't think there will be a huge increase in applications (and outflow can always be maintained / controlled by increasing PVR wait times (as was done in the 90's!)). People bitch and people moan but how many will actually vote with their feet? Yes, people will volunteer (but not all (or any???) will be successful) for redundancy, take their options or not sign on but with plenty knocking at the door wanting to join I don't think manning in terms of pure numbers will be a problem. Granted experience levels may (will) dip but again, post 2015, if Trust-Me-Dave is to be believed we're going to be out of AFG and entering a period of consolidation and retraining.