Solidarity backtracks on SAA after meeting business rescue practitioner

Trade union Solidarity yesterday said they would no longer be pursuing a legal application against national carrier South African Airways for appointing a business rescue practitioner without them.

Solidarity chief executive officer Dirk Hermann said: “We think it is of critical importance that all stakeholders are consulted in the business rescue process – and in that regard we engaged positively with Mr Matuson. He said after a “frank” discussion between the trade union Solidarity, SAA’s lawyers and Matuson agreed that they would use the business rescue expert they had suggested, Cloete Murray, in the process “possibly as the independent chairperson of the employee committee”.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

SAA board unanimously backs business rescueThe embattled state carrier says it wants to do this at the ‘earliest opportunity’
Source: BDliveSA - 🏆 12. / 63 Read more »

Uncontrolled SAA exit would hurt economic growth, regional airlines association says | IOL Business ReportAn uncontrolled exit of SAA from the air transport industry would result in slowed or even negative economic growth if no contingency measures could be implemented, AASA has said. busrep
Source: IOL - 🏆 46. / 51 Read more »

Unions want a hand in choosing SAA business rescue practitionerThere should be more than one practitioner, and unions want to be involved to ensure transparency, they say. Thats not the way business rescue works dummy.....you not buying a taxi with your conrade MbalulaFikile Isn't ths process suppose to be done by the board members, through a resolution? Bcz now we hear all sorts of stuff, evn PG involved in the selection of the practitioners. What's happening nah? Unions must listen to SHAMILLA BATOHI Remove Political Power as a Hideout for the Corrupt This is the Sum Total of our Current Situation as a Country
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Government to place ailing SAA under business rescueThe move potentially draws a line under the crisis — if a rescuer can be found.
Source: mailandguardian - 🏆 2. / 92 Read more »