Artie,
BMI Baby is only being held long enough to wind it up. If Iberia were to be wound up IAG wouldn't offer the pilots jobs with BA or vice versa. The entire staff at Baby will soon have no airline and therefore must accept redundancy. There is no space for them at either BA or Iberia, if the pilots wish to join then they must complete the standard DEP process like everyone else.
IAG had no intention of buying Baby except in the case they were forced to and it was always going to end in the same result.
That's the end of it.