Unions Oppose South Africa Airways Rescue Plan, Vow Court Action
June 19, 2020
9:18 am
Two South African unions on Friday rejected job cuts proposed to rescue South African Airways from bankruptcy.
The rescue plan has cost the government more than a billion dollars to stave off bankruptcy.
State-owned SAA went into a form of bankruptcy protection in December.
Since then state-appointed administrators have been trying to see what they can salvage.
Unions had been in discussions with them and had previously accepted that some job cuts would be necessary.
The current plan, which would involve laying off about 90% of …
