Jambo pretty much hit the nail on the head.
I've trained alongside chaps from Oman, Iraq and Qatar through IOT and EFT - dont have a problem with that, and as SFFP and TTH have said it keeps QFI's in work. Having been to a few airline jobs fairs since being deselected myself, the main thrust seems to be that the commercial sector will be picking up quite rapidly over the next 24-36 months.
Once the gates open and a large number of experienced SPs go civvy-side, and *if* the call goes out for some of the deselected recruits to return to training to fill the gap down the line, there's may be a bit of a problem if all the training course spots are filled by pre-paid foreign studes.