SAA warns it could be out of business if strike continues much longer | IOL Business Report

JOHANNESBURG - Under-fire SA Airways has warned that the strike would put the national carrier out of business if it continued for longer, as it benefited only competing airlines. SAA interim chief financial officer Deon Fredericks said the strike was pushing the struggling airline to unsustainable levels. “If this strike continues, we are running the risk of putting SAA out of business,” Fredericks said.

SAA is working with Mango Airlines to accommodate as many customers travelling on domestic services as possible and refunding passengers their flights or travel with other airlines. SAA is facing a crippling onslaught by the National Union of Metalworkers of SA and the South African Cabin Crew Association .

More than 3000 workers affiliated with Numsa and Sacca downed tools at SAA on Friday over a wage dispute and plans to cut more than 900 jobs, costing the airline about R52million a day.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAA's plan to save R2bn | IOL Business ReportSouth African Airways is renegotiating favourable terms on existing contracts with its suppliers while sourcing better terms on new procurement spend. busrep
Source: IOL - 🏆 46. / 51 Read more »

Zimbabwe edges closer to hyperinflation | IOL Business ReportZimbabwe’s monthly inflation rate more than doubled in October as food costs surged, bringing the nation closer to a new bout of hyperinflation. busrep
Source: IOL - 🏆 46. / 51 Read more »

Cell C and MTN conclude national roaming agreement | IOL Business ReportCell C and MTN that will see Cell C’s 4G network coverage extended to 95 percent of the population. busrep
Source: IOL - 🏆 46. / 51 Read more »

JUST IN: Government appoints Nampak's de Ruyter as CEO of Eskom | IOL Business ReportDe Ruyter will leave his post at packaging group Nampak and is set to commence his role at Eskom on January 15.
Source: IOL - 🏆 46. / 51 Read more »

WhatsApp users complain that the latest update is draining their battery | IOL Business ReportWhatsApp users are claiming that the latest update to popular social networking app WhatsApp is draining the battery of Android smartphones.
Source: IOL - 🏆 46. / 51 Read more »