By Alexander Profitable and Emma Rumney
By Alexander Profitable and Emma Rumney
JOHANNESBURG, Nov 20 (Reuters) – South African Airways (SAA) is operating out of money and might be liquidated if the federal government would not give it further ensures quickly, a board member mentioned on Wednesday, as commerce unions threatened to escalate a crippling strike.
State-owned SAA has racked up losses of greater than 28 billion rand ($1.9 billion) over the previous 13 years and desires to chop jobs as a part of a turnaround plan.
The Nationwide Union of Metalworkers of South Africa (NUMSA) and South African Cabin Crew Affiliation (SACCA) referred to as a strike at SAA final week after wage talks turned acrimonious and the airline mentioned it deliberate to chop virtually 20% of its employees.
On Wednesday the unions threatened to observe via with a plan to close down South Africa’s total aviation sector through a secondary strike.
SAA board member Martin Kingston instructed Reuters the strike was costing the airline round 50 million rand…