SAA business rescue plan in deep trouble

Jamie McKane

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Mar 2, 2016
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SAA business rescue plan in deep trouble

The business rescue process currently in effect at South African Airways (SAA) is now in crisis, according to a report by the City Press.

Following the business rescue practitioners' release of a statement regarding flight cancellations and route cuts, talks between the practitioners and unions erupted into chaos, with some labour representatives walking out of the meeting.
 

FlashSA

Executive Member
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Oct 19, 2007
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I would've told the unions to sex and travel. They have no cards to play in this business rescue process and they can just be ignored. Government listens to them because their represent massive chunks of voting stock. No such problem for the business rescue chaps.
 

Ockie

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Oh please. Who did not see this coming? This was a eventuality....not a propability. Only way this airline is to actually serve a purpose in its current form or people meddling in its affairs...or attempts to save it...is for it to be legally liquidated. Finished and klaar. Cut it's throat and who ever gets what is what they get for taking a gamble. Sorry for you. Any other way or pussy footing around it with business rescue like we are doing now is just inviting firstly ****s like politicians in to make a big fcking fuss about their own agenda. Jesus.....how we managed to survive this far with these fck tards running the show I honestly do not understand....but then...surviving is a relative term I guess.
 

Arzy

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We need a Margaret thatcher type to come in and tell the unions where to get off.

Its all going to **** with Cyril's inability to make a call and the ANC pandering to everyone as long as they can keep sticking their snouts in the trough.

Hard decisions need to be made.
 

SmartKit

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Oh please. Who did not see this coming? This was a eventuality....not a propability. Only way this airline is to actually serve a purpose in its current form or people meddling in its affairs...or attempts to save it...is for it to be legally liquidated. Finished and klaar. Cut it's throat and who ever gets what is what they get for taking a gamble. Sorry for you. Any other way or pussy footing around it with business rescue like we are doing now is just inviting firstly ****s like politicians in to make a big fcking fuss about their own agenda. Jesus.....how we managed to survive this far with these fck tards running the show I honestly do not understand....but then...surviving is a relative term I guess.
Well if BR fails the next step is liquidation - that's what the unions and government don't seem to understand. This is a last effort to save a business, not a get out of jail free card!
 

jambai

Senior Member
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Oct 18, 2007
Messages
991
Well if BR fails the next step is liquidation - that's what the unions and government don't seem to understand. This is a last effort to save a business, not a get out of jail free card!
They will learn the hard way . Wait until public servants can’t get paid
 

chefdude98

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1TItSfk.gif

Bayeke badle ikhekhe
 
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Sollie

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Apr 20, 2005
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Just put it to a vote, go have a braai, and let the unions decide:

a) everybody keeps jobs, reduction in pay and TCO. If less that minimum wage, it's illegal and we close doors. (see c)
b) some loose jobs, others keep jobs
c) everybody looses jobs and company goes bankrupt.
 

zophas

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Mar 31, 2008
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Just put it to a vote, go have a braai, and let the unions decide:

a) everybody keeps jobs, reduction in pay and TCO. If less that minimum wage, it's illegal and we close doors. (see c)
b) some loose jobs, others keep jobs
c) everybody looses jobs and company goes bankrupt.
d) Fire the BRP teams. Give everyone a bonus. Get the money from the taxpayer.
 
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