SAA insists it cannot meet 8% wage increase demand
JOHANNESBURG – South African Airways has reiterated that it does not have the financial capacity to meet workers' 8% salary increase demand, saying it can only be in a position to pay 5.9% from March 2020, assuming funds were available at that time.
On Tuesday, the State-owned airline engaged with unions and Minister of Public Enterprise Pravin Gordhan in an effort to resolve a strike over wages that has entered its fifth day.The airline has cancelled hundreds of flights since the strike began on Friday, saying the stoppage is costing R50 million a day and jeopardising its talks with lenders.
The strike has cast doubt on the survival of the airline, which has not turned a profit since 2011 and is reliant on State bailouts.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAA strike: Unions threaten to ground SA's entire aviation industry | IOL NewsStriking unions have threatened to shut down South Africa's entire aviation industry by extending industrial action beyond South African Airways.
Read more »
Who will crack in SAA strike? | IOL NewsLabour experts have since warned that there will be no winners in the ongoing conflict and that the protest action will have a negative impact on both SAA and workers. SAAStrike
Read more »
SAA warns it could be out of business if strike continues much longer | IOL Business ReportUnder-fire SA Airways has warned that the strike would put the national carrier out of business if it continued for longer, as it benefited only competing airlines. busrep
Read more »
Pravin Gordhan to meet striking unions at SAA | IOL Business ReportThe public enterprise's minister will meet unions in an effort to resolve a strike over wages at the embattled South African Airways that has entered its fifth day. busrep
Read more »
SAA resumes international flights - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African Airways resumed its international flights on Sunday. The company says Mango airlines as well as SA Express have increased capacity on domestic flights as part of the contingency plan to help SAA customers.
Read more »
Union utterances highly irresponsible: SAA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.SAA Chief Commercial Officer, Philip Saunders has labelled as highly irresponsible the unions' utterances that flights are being operated by unqualified, inexperienced personnel.
Read more »