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SAA workers set to ground business rescue meeting

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SAA workers set to ground business rescue meeting Four of the country’s big banks, who are SAA’s secured lenders and concurrent creditors, will decide the future of the airline.

JOHANNESBURG - SAA workers have thrown a spanner in the works on the scheduled meeting of creditors to adopt the airline’s business rescue plan this week.

“We reject with contempt the announcement that only 1 000 employees will be retained in the business rescue practitioners’ plan as it is tantamount to unleashing a job loss bloodbath.” Dongwana and Matuson said and the remaining employees would be retrenched. “In terms of the envisaged ramp up, it is anticipated that the final staff number will increase in accordance with the market conditions and passenger demand to 2 892,” they said.

 

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