Workers at South African Airways (SAA) downed tools on Friday in a strike over w...
JOHANNESBURG - Workers at South African Airways downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance.
SAA, which has not turned a profit since 2011 and is without a permanent CEO, says the strike by unions representing around 3,000 of its 5,000-strong workforce will cost it 50 million rand per day and threatens its survival. SAA’s acting chief financial officer, Deon Fredericks, told the eNCA news channel that the airline, hurt by past mismanagement, could not just close its eyes and carry on.SAA is trying to negotiate much-needed funding from banks, Fredericks told radio station 702, but added the strike would hurt the talks as it would have a negative impact on cash flow. “If we don’t get that funding we will not be able to continue.
The action is not an attempt to hurt the airline but force the government to intervene so its board and management make the right decisions, SACCA President Zazi Nsibanyoni-Mugambi said.
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