JOHANNESBURG - Workers at South African Airways downed tools on Friday to demand higher wages and protest planned job cuts in a strike that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance.
SAA, which has not turned a profit since 2011 and is without a permanent CEO, says the strike by unions representing more than half of its workforce will cost it 50 million rand per day and threatens its survival. The unions rejected SAA’s revised wage offer late on Thursday, and are also striking over the carrier’s plans to cut more than 900 jobs in a bid to stem financial losses and end a reliance on state bailouts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Brinkmanship as SAA and unions head for showdown in latest ailing SOE scrapThe latest attempt to restructure an ailing SOE has sparked a strike threat from unions. South African Airways has cancelled virtually all of its flights Friday and Saturday in anticipation of the planned strikes to protests its plans to cut jobs. This could backfire badly on the unions if it results in the permanent grounding of SAA.
Source: dailymaverick - 🏆 3. / 84 Read more »
SAA cancels flights in light of strike threat, Comair makes a plan | IOL Business ReportSAA spokesperson Tlali Tlali said the airline was putting its customers first and regretted the inevitable inconvenience caused by the cancellations.
Source: IOL - 🏆 46. / 51 Read more »
SAA to offer striking employees revised wage hike at emergency meeting | IOL Business ReportSAA said it would offer unions a revised wage increase in a bid to avert a strike that has forced the airline to cancel domestic and international flights scheduled for Friday. busrep
Source: IOL - 🏆 46. / 51 Read more »