Pilots do have a redundancy agreement in their EBA but it only covers CR, not VR. VR is open for negotiation but ultimately the company determines what they want to offer. Pilots take it or not. If the numbers aren't sufficient than we can only assume that CR and the resultant waterfall of training will result. The worrying thing is that the company may go bust so the guys who take VR may be the only ones to get a payout.