The business rescue practitioners say all 4,708 employees will be affected
and the number of jobs that would exist in the restructured company will be the subject of a consultation processSAA has informed employees that it will start consultations, in terms of the Labour Relations Act, which could lead to retrenchments at the ailing airline.
They said they had been engaging with unions, most recently at the weekend, about the situation and the intention to begin the consultation process. The practitioners said the events of the past few months had had a significantly negative effect on SAA’s revenue. The overall result has seen a decline of R1.3bn in revenue, with a cost base that remained more or less flat.
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