Full blown panic mode

The company i work for needs to make massive savings and my dept have just been told we are to undergo restructure. We find out next weds but one scenario is we are all dismissed and have to reapply for our jobs with different terms and conditions. Another is they sell off this branch of the company. Absolutely in full blown panic mode. At least i'm not in as much debt as i thought i was, so that's a bit less of a worry, but really have no idea how i will manage on £71 a week jobseekers allowance if the worst comes to the worst! Just wish next weds was here and i knew just what kind of boat i'm going to be in