Not good.
Hhmmm lets see, what we have here is a bunch of UK licensed pilots losing their jobs at a UK aviation operator, because it's cheaper for their employer to use foreign labour to fly their paying UK customers around the skies.
Actually I've heard of that before, I believe in the airlines they call that 'flagging out' <img src="mad.gif" border="0">
Can BALPA or the IPA not do anything to help out these instructors?