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South African Airways secures state-led rescue
« on: December 05, 2019, 01:02:03 PM »
South African Airways secures state-led rescue

South African Airways secures state-led rescue


South African Airways was placed under a state-led rescue plan on Thursday as part of a massive restructuring following a costly week-long strike last month.


Thousands of South African Airways (SAA) staff walked out on November 15 after the cash-strapped airline failed to meet a string of demands, including higher wages and job in-sourcing.


The strike was called off the following week after SAA management and unions eventually clinched a deal.


Continue reading South African Airways secures state-led rescue at Vanguard News.


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