Business rescue practitioners say retrenchments are now under consideration but the airline cannot afford the mandatory 60-day consultation process
The business rescue practitioners of SAA have told employees that they intend to expedite retrenchments at the troubled airline.
In a meeting with employee representatives on Tuesday, Les Matuson and Siviwe Dongwana said retrenchments were now under consideration but the company could not afford the mandatory 60-day consultation process, prescribed by the Labour Relations Act.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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.
LIVESTREAM: Former SAA interim CEO's cross-examination continuesThe state of corporate governance at SAA during Dudu Myeni's term as board chairperson continues to come into question.
Read more »
SAA Technical chair 'wanted R100m kickback', Zondo commission hearsThe Zondo commission of inquiry on Wednesday heard how former SAA Technical board chairperson Yakhe Kwinana allegedly wanted a R100m kickback from a US company to influence a tender process in its favour
Read more »
SAA Technical chair 'wanted R100m kickback', Zondo commission hearsThe Zondo commission of inquiry on Wednesday heard how former SAA Technical board chairperson Yakhe Kwinana allegedly wanted a R100m kickback from a US company to influence a tender process in its favour.
Read more »
CAROL PATON: SAA decision shows up the Treasury as not so treasured by the ANC’s hundredThe party’s economic elite has lost its hold and this has deep implications for the 1994 compact
Read more »
Cyril Ramaphosa authorises SIU probes into SAA, National Treasury and Eskom | IOL NewsPresident Cyril Ramaphosa has authorised the SIU to probe the affairs of the embattled SAA, the National Treasury and Eskom.
Read more »
DBSA says loan to SAA was to prevent the airline from collapsing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%The Development Bank of Southern Africa (DBSA) says it had to provide a R3,5 billion loan to SAA to prevent it from collapsing or being liquidated.%
Read more »