I'm not quite sure by what you mean 'under threat'. All Cx employees have a three month termination or notice from employee clause in their contracts, standard in Hong Kong. The sim crowd seem pretty happy with their lot and you rarely hear them complain. Training has already moved up a notch or two and will be ballistic next year. From anecdotal evidence, starting salary around HKD 56 000- 60 000, free medical but not as good as it used to be, free accommodation up to around HKD 40 000 and you pay a small percentage of anything above, help with education expenses and super. All of the above would allow you to live quite comfortably in Honkers and bank a bit. Age, background in aviation and 'personality' are the main criteria.
Good luck.