The company can not justify cancelling the 757 MEM bid when they need the crews to fly this airplane in the future. If the company does cancel the MEM 757 bid and then reopens it at a later date, you know who'll be bidding it..all the senior over 60 crowd. The original awarded pilots would have the right to grieve the bid, a mess that's not necessary since the MEM 757 pilots don't start training until the end of '08.
A friend of mine who was awarded the 757 to MEM has not received a VIPs notification of training cancelled.