I used to work for Loganair, albeit a few years ago.
I think that they have found that replacing the airmanship that their Captains had when I worked there, with the tick box, "SOP-for-everything" style that's virtually mandatory in the uk these days, has proved trickier than they expected.
I think LC figured that they would be able to pay even less by writing masses of new SOPs, and trusting in the rules to look after the crews. Got to be cheaper than employing very experienced pilots and engineers, right?
I'm sure that's not the whole story, but I hear that their ops inspector is spending a lot of time with them these days.