Numsa to announce possible wage agreement with SAA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

According to the reports, SAA management has agreed to postpone retrenchments until further notice. SAA has reportedly also agreed in principle to establish a task team to review contracts and procurement issues at the airline. The task team will play a major role in looking at how to save costs at the embattled airline.

SABC News reporter Amina Accram says it is yet to be confirmed if SAA and the unions have reached an agreement in principle. “The agreement is yet to be signed by the SAA Board and its shareholders. According to reports SAA and the unions have agreed to defer retrenchments until further notice. They have also agreed to pay 5.9 percent wage increases by February next year- with the extra 2.1 percent to be paid through the work of the task team.

Wage agreement? Oops, you all will be paid late this month Thanks to Numsa_Media, flysaa will be wrapping up it's liquidation letters for Christmas.

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.

WATCH: South Africa and UK agree terms on trade post-Brexit | IOL Business ReportMinister for Economic Development, Ebrahim Patel, has concluded a groundbreaking new trade deal with the UK.
Source: IOL - 🏆 46. / 51 Read more »

Business Maverick: South Africa Inflation Rate Drops to Almost Nine-Year LowSouth Africa’s annual inflation rate dropped more than forecast to the lowest in almost nine years in October, providing some room for the central bank to ease policy.
Source: dailymaverick - 🏆 3. / 84 Read more »