Unsurprisingly, Comair creditors on Friday voted overwhelmingly to allow the budget airline to pull its aircraft out of the hangar, helping bring competition in the sector amid growing doubts that SAA will emerge from its own messy business rescue process.
While pushing through the plan would hit workers’ pockets, a hardline approach could end up hurting them even more. Comair’s workers face similar choices. The company has not been making any money since April, and when it restarts at the beginning of December it will be re-entering a brutal passenger air transportation market. And it’s not clear how much demand there will be for travel.
In anticipation of a tough trading environment for the next few years, the Comair business rescue team has mapped out a sound plan aimed at keeping as many jobs as possible. it will also save 1,800 jobs. That compares with all the jobs being lost if creditors had decided that winding down the company would maximise their returns.
Figures from the International Air Transport Association show that demand was stuck at just over a fifth of the 2019 levels in July with the industry expected to tally up as much as R1.4-trillion in 2020 losses.
It's pointless defending workers rights at the cost of their livelihood, in Nov 2019 SAA workers went on a wage strike for 8 days .They settled on 5.9% increase after initially demanding 8%. Come July 2020 SAA retrenched about 3000 workers. Where is the wage increase now?
How can staff even be divided by this?
Almost every airline on earth has had cut backs, furloughs and retrenchment. Surely NUMSA realizes this? This seems more about NUMSA than saving Comair jobs. I hope the staff wake up and smell the coffee.
We have had quite enouhh of unions for now
WayneH__ 30% salary cut Numsa must reject that.
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Union puts spoke in wheel of Comair business rescue planNumsa opposes plan adopted by airline's shareholders and creditors
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