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South African Airways, NTM union sign wage deal | IOL Business Report

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The National Transport Movement on Friday signed a wage deal with struggling South African Airways. busrep

JOHANNESBURG -South African Airways signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay rise backdated to April.

The National Transport Movement is one of the largest unions at SAA but its members are not participating in a strike, now in its eighth day, that has left the airline with almost no cash and at risk of missing salary payments this month. The state-owned carrier’s swift decline has turned it into a black hole for government bailout money. The government has spent about 20 billion rand on SAA in the past three years.

 

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