It's utterly pointless complaining about it here if you don't actually DO anything.
Absolutely, the problem is largely due to stupid managerial fuel hedging (aka gambling) losses etc for which you are now being forced pay the price. There is also the age-old issue of the arrogance of managerial isolation from penalties applied to lowly staff.
But whining on PPRUNE about the injustice of management or the current and past faults of the union won't fix one thing. PPRUNE rants aren't an effective industrial tool.
If you work as a coherent group where at least 80-90% of you act semi-uniformly, you will be fine. But in CX that seems an unlikely scenario. Evidently there will always be people 'philosophically opposed' to what may be seen as industrial action and willing to ingratiate themselves by working on G days or undermining their peers in other ways.
How you bypass this fact to rectify the declining fortunes of the CX pilot is the key to success. For sure if you are a late 20's or thirty-something CX pilot you must se the writing on the wall. HK is an unhealthy place for your family so why suffer that and reduced conditions when there is a rapidly emerging pilot-hungry market out there? Granted you may need to get out of your comfort zone but that zone may not be very comfortable in future anyhow, so why not act now?
There are highly intelligent organisers within your ranks. Think outside the box and act smart. Pulling up short of the chocks potentially isn't that smart. The question is what and how?
Perhaps for example set up the "HKG Pilot Placement Agency PLC" where you package and market entire blocks of current and experienced pilots pitched at the likes of Middle Eastern carriers (for those happy to live there) or direct entry positions to the mass of desperate new and existing carriers (Westjet's new Canadian startup, SAS Ireland, Air Japan, even Norwegian etc) where your skills would be a godsend and you could live away from pollution. Not a perfect answer but just one suggestion.
Thus, those who see a rapidly declining future in CX can take charge of your destinies quickly and move, courtesy of the reputation of your skilled peers. Those who wish to remain will benefit from the fact CX would need to reconsider knee-jerk financial penalties on staff arising from their own managerial ineptitude. Retaining staff would be cheaper than retraining hundreds of pilots so this would actually be a CX win too. A win-win-win! Act dumb and divided and nobody wins. Be smart and cohesive and it can work well for all, even those staff and managers too myopic not to see that yet.
Hopefully the exodus of pilots from Ryanair and the mess that loudmouth finds himself in will be a wake-up call to airlines that you do actually need to treat staff respectfully free from arrogant managerial isolation.