Smooth landing or liquidation for SAA?

SAA employees have until the close of business today to decide whether to sign retrenchment packages. Unions Numsa and the SA Cabin Crew Association are adamant they won't sign a deal that will see the airline liquidated. Courtesy #DStv403

 

JOHANNESBURG – South African Airways employees have until close of business on Friday to decide on retrenchment packages offered by the airline's business rescue practitioners.

More than 4,000 staffers could be out of jobs.

The business rescue practitioners issued management and unions notices to terminate contracts of employees but, the unions are against the proposed retrenchments.

READ: British Airways owner warns of major job cuts

They claim the embattled airline can still be saved.

The national carrier was placed under business rescue last year.

SAA has accumulated debt of over R20-billion.

Source
eNCA

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