hvpilot,
That's it! If you want to go to buzz then you keep your seniority only for rank/holidays/redundancy etc. You go back to the bottom of the pay scale and god only knows what sort of pension!. FVP basically wants us all to join as new-hires on new contracts but does not want the expense of interviewing us! What he has probably not realised is that this deal makes easy/go a much more atractive proposition especially since the F100 is similar to the airbus in operation.
Remember that in the three years that he was at KLMuk we never got any communication from FVP that was not bad news. We never even got a "hi, I'm your new boss" memo. Respect has to be earned and he has run up a serious "overdraft".
The future's bright, but it's not blue or yellow