An Utter disgrace!
Who the hell do they think they are?
It's called "extortion" and is the only way this ever increasing number of unscrupulous airlines, can hold onto their experienced crew now, when it is finally a pilot's market!
Airlines want to talk about "obligations" a "guarantees"? ...well let's start with the constantly changing terms & conditions; not delivering promised contract T's & C's and abiding by THEIR written words... no pay for 3 - 6 months at couple of airlines until "checked to line"... monthly deductions from your earnt pay which is to be given back to you in your final contract year, WITHOUT interest; unrealistic & huge cash/bank guarantees up front as "bonds"... the list goes on and I'm sure many of you here could very easily add to the list!
Until the accountants and Indian middle management that's weaseled their way into many positions of influence, piss-off back to their underground offices where they belong, instead of attempting to "manage", this industry has no hope!
Treat your core personnel properly & with respect (pilots, Cc, engineers) and they will stay... because THEY are the ones who keep the expensive assets moving, day & night, rail hail or shine while everyone else is tucked away in bed "counting sheep". Keeping the airframes moving is what create the money flow... so if not treated accordingly, you had better employ parking-meter-maids because your aircraft will be parked against the fence from having no crews!
Here's a business opportunity for someone too: compile a list/database of unscrupulous airlines like this, their stunts and their employment record! I could name 5 right now!