Under the long haul award, if QF are to make pilots redundant they have to give six months notice, short haul is three months. I reckon that as they are short of 767 captains, pilots are being knocked back for long service leave and the 737/800 pilots have trouble getting leave, I suspect that it may be a beat up by a journalist (funny how they have a habit of doing that). As per seniority, it is last on, first off, so that would mean that there would be significant costs involved in down training as well as the time that would be involved. Before pilots are put off, hours would be reduced to the minimum due to the costs involved in putting them back on if they were retrenched and then things came good.
Recruiting of pilots is not happening for three months now and they are going to review it at the end of that period. There was supposed to be a cadet course starting (last week, I think) that was put off until further notice.