There's a separate thread running in this section on the flybe MPL. There is also a thread running on the BALPA forum, started by some of the students affected. They are obviously very concerned as they have been ditched half way through the course.
What it comes down to is that Flybe are making almost 100 pilots redundant and by law, they cannot simultaneously begin hiring new people.
Of course, this is the risk you take when undertaking any form of tagged training. The problem here is that the MPL leaves you with a useless licence, unable to apply to any other airline..