Thousands of jobs on the line as SAA business rescuers issue retrenchment notice

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

Unions have already indicated that they may oppose the process if they are not happy with the turnaround strategy.

SAA’s business rescue practitioners have begun the process of consultation with the aim of possibly cutting thousands of jobs from airline, which is deeply in debt, with accumulated losses to the tune of R26 billion, and barely being able to operate., after the practitioners released a statement on Monday about the notice advising employees of the consultation period in terms of section 189 of the Labour Relations Act being issued.

“We must emphasise that no final decisions have yet been taken, nor will any final decisions be taken until we have exhausted consultation and hopefully reached agreement,” they said.

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:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All unions affiliated to anc should take responsibility of this mess, unrealistic and out of touch policies.

United States United States Latest News, United States United States Headlines

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

WATCH: How Fortress navigated a difficult marketFortress CEO Steven Brown talks to Business Day TV about the company’s interim results
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: How Fortress navigated a difficult marketFortress CEO Steven Brown talks to Business Day TV about the company’s interim results
Source: BDliveSA - 🏆 12. / 63 Read more »