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

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.

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.

WATCH LIVE: EFF Media Briefing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.[LIVE STREAM] EFF Media Briefing, 21 November 2019 – WATCH: sabcnews
Source: SABC News Online - 🏆 32. / 51 Read more »

WATCH LIVE: State Capture Inquiry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.[LIVE STREAM] StateCaptureInquiry – 21 November 2019 | WATCH: sabcnews
Source: SABC News Online - 🏆 32. / 51 Read more »