If it is IAG/BA then it might not be all bad, BA will need the aircraft to operate on the slots immediately after the sale completes or they'll lose the slots. They will therefore need the crews, and due to expansion they'll need some head office staff. I saw some BA jobs were on the external website, so there has to be opportunities for people.
Whatever the outcome, good luck to all of you at bmi, I hope it all works out ok for you.