SAA employees could lose jobs by end of April

eNCA's Heidi Giokos is following the story. Courtesy #DStv403

JOHANNESBURG - South African Airways Business Rescue Practitioners have tabled a proposal to terminate the entire workforce of SAA.

Unions, as well as non-unionised employees, have until 24 April to accept the agreement.

READ: Government denies SAA further funds

It comes just days after government denied an additional R10-billion in funding for the airline.

The business rescue practitioners say the airline can’t be turned around without more money.

eNCA has seen the proposal which states that SAA's assets will first have to be sold.

The value of the assets will determine if and when workers get their packages.

eNCA speaks to Guy Leitch from SA Flyer Magazine.Courtesy #DStv403

SAA’s liquidity problem has been further impacted by the COVID-19 pandemic.

Cabinet has directed Public Enterprises Minister Pravin Gordhan to prepare an updated report on SAA after his department denied the bailout.

READ: SAA suspends all domestic flights

For now, the airline continues to charter flights to and from South Africa, as well as bringing in essential cargo.

eNCA's Heidi Giokos has the details in the video above.

Source
eNCA