Others have briefly touched on a major issue....It is "the world owes me a living"
mindset.
Sorry guys and girls, your parents lied to you.
The truth is, from the point where the company is losing money,
It's subsidising you, your job and your family Yes, charity....Why?....Well, if they can fund the business for long enough, they hope to turn the financial corner and every one's happy.
The business of takeover is somewhat complex. the easy way would be to let the ailing airline go bust, buy any the assets from the liquidator, needed for expansion to fill the market gap,
take on new staff, cherry-picked from the unemployed pool and away you go, without any Legacy obligations or liabilities.
The
only upside I can see, of rescuing a failing company, is that the operating infrastructure is already in place.
NOW! WAKEY WAKEY AT THE BACK
The infrastructure does not work properly, otherwise the firm would be making profits...so, it's inevitable that "dead wood", duplications and unneccessary staff will be culled.
The rowing over seniority, perks and the like, is just sowing the seeds for killing-off ailing businesses and allowing vultures to exploit the carcase....staff will be reliant on Government safety-nets, as it's likely the bean-counters had already hocked everything to the eyeballs in order to try to stave off bankruptcy.
you can't take anything out of an empty pot!
It's a sickener , to lose your job and have to start at the bottom again, conversely, it's equally galling to work hard, toe the Company line, do your best to be a model employee and loyal company-man, and what's your reward?- some bugger slots above you in the rankings, having not gone through the same , rigorous procedures to "get on board", never done a thing for the Company and they're treated better than you, purely because they worked for an ailing employer.
Life's a bitch and then you die!