Thank you for your response, Bealzebub. It came to my knowledge that after completion of line training (at this specific orange lcc), your place will simply be filled by the next cadet in the holding pool. And you will enter the same market as the other 1000s of unemployed pilots (but with a bit more hours behind your name). Hence no direct job opportunities.
Would that give you some competitive advantages. I have a back-up plan in place, but if that plan deems necessary, the course would be a complete waste of a lot of money..