SAA scrambling to get R2bn as deadline looms - source

[Gordon_R]

I don't know if this article is a sign of decisive action, ot just going through the motions:

SAA warns of job losses as it embarks on restructuring

South African Airways says it has informed its 5 146 employees that it is embarking on a restructuring process which may lead to job losses.

www.fin24.com

 

[TysonRoux]

Broke SAA wields the axe, 1000 employees in danger

Cash-strapped South African Airways has embarked on a retrenchment process that could see close to 1,000 of its employees exiting the parastatal. The airline announced on Monday evening that it has informed all its 5,146 workers that it was embarking on a restructuring process that could lead to...

www.sowetanlive.co.za

 

[Jopie Fourie]

Retrenchments are not good enough. Every single employee should be let go. Government should settle all SAA debt. Close the airline down.

 

[Mar Vin]

How much did those new aircraft they just took delivery of set them back?

apparently those are being leased.

 

[Gaz{M}]

apparently those are being leased.

About $1m per month.

 

[Mar Vin]

About $1m per month.

Which is ok I guess, provided they generate way more than that monthly.

 

[daveza]

Two things -

These unions always demand this and that - they know there is no money so what do they suggest as a solution ?

In parliament today they 'confirmed' SAA was technically 'in liquidation' - how are they allowed to continue trading ?

 

[TysonRoux]

The votas won't allow any lay-offs.

Unions serve SAA with 48-hour strike notice

The announcement comes just hours after the South African Airways board warned industrial action could sound the death knell for the struggling airline.

ewn.co.za

 

[daveza]

The votas won't allow any lay-offs.

Unions serve SAA with 48-hour strike notice

The announcement comes just hours after the South African Airways board warned industrial action could sound the death knell for the struggling airline.

ewn.co.za

Fine, that will bring down SAA and they will have no workers to deal with.

 

[Temujin]

The votas won't allow any lay-offs.

Fine, work for free