"However, since the worst case of redundancies was brought up, and how LILO would be fairest, let me counter it by asking how it's fairer that a senior Captain with an old and healthy final salary pension and kids who have long since flown the nest and a large house with no mortgage is more deserving than a younger one with a crap modern pension, hefty mortgage and a young family depending on him/her?"
Huh...? So the chap with the most kids and biggest mortgage doesn't get sent home during a downsizing of a company; rather, the "senior" (older) chap whose mortgage is paid off and whose kids are adults would be sent home.