When you read all the other posts on terms of endearment, you begin to realise that this is just another chink in the armour of the UK pilots terms and conditions. Those at the bottom of the seniority list are keen to see the top 30% go so they can keep their jobs and to be honest who can blame them. If I was in their position I might be guilty of doing the same.
The sad thing is that by doing this they just allow another chink in the very thing that they have spent a lot of time and money investing in. 25 years from now when they are a Capt. of a large jet in a large airline and are told that the company needs to save money, so you and your fleet are going
here's statuary redundancy of 10k for your loyalty, they won't even remember what happened 25 years previously.
We are our own worst enemy.