SAA says it could cut more than 900 jobs | IOL Business Report

JOHANNESBURG - South Africa's struggling state-owned airline South African Airways could cut more than 900 jobs as it restructures to stem severe financial losses, it said in a statement.

SAA said it had started consultations with its more than 5,000 staff and was talking to labour unions. At a media briefing later on Tuesday, SAA said the restructuring plan will be finalised by March next year and should save the firm 700 million rand . "If you look at the 944 employees , it's estimated, depending on how the process pans out, it could save the company about 700 million rand," said Martin Kemp, chief executive of South African Airways unit Air Chefs.

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