News Formal

Solidarity asks court to put SAA in business rescue

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

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

‘The crisis in SAA not only threatens the jobs of SAA employees, it threatens all workers and taxpayers,’ the union's Dirk Herman says

Trade union Solidarity lodged court papers on Thursday requesting that SAA be placed in business rescue.The union said that it was acting on behalf of its members within the SAA group, but also on behalf of its members in public enterprises in all sectors in the SA economy and on behalf of every South African who pays tax.

“They cannot allow their tax money to be constantly misused to subsidise struggling, ineffective state enterprises.” Dirk Hermann, COO of union Solidarity, believes jobs would be saved if SAA underwent a business rescue. Picture: GALLO IMAGES/BEELD/ FELIX DLANGAMANDLA “A business rescue application is the only remaining option to limit the damage. Recent events at SAA accelerated the crisis. SAA’s day zero is imminent. The current shareholder has lost control over finding a solution for SAA,” he 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:

 /  🏆 12. in US
 

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

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.

Solidarity brings business rescue application to SAA | IOL Business ReportSolidarity has revived its plans against the South African Airways (SAA) by announcing that it is bringing an application to place the cash-strapped airline into business rescue. busrep
Source: IOL - 🏆 46. / 51 Read more »