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Fin24 reports that trade union federation Cosatu on Friday expressed concern that cost-cutting measures at national carrier South African Airways (SAA) could lead to job losses.
Matthew Parks, Cosatu’s parliamentary co-ordinator, made a submission to the standing committee on appropriations on SAA’s debt restructuring and recapitalization. This was in response to statements by Thabang Motsohi, aviation strategy consultant, who had spoken about cost-cutting measures such as restructuring positions. “This could lead to thousands of jobs at SAA being at risk. It’s easy to say costs are too high and jobs must be cut, but we’re talking about people with families here,” Parks pointed out. He also took issue with utterances that Telkom was a good example of how a state-owned enterprise has come out of the woods and improved its balance sheet. “Yes, Telkom’s books look good, but that comes at a cost,” Parks stated. According to him, a further 2,000 to 3,000 job losses at Telkom could be on the cards in the near future. Cosatu called for a comprehensive forensic investigation, not only into SAA, but also into Mango, SA Express and SAA Technical.
- Read this report by Liesl Peyper in full at Fin24
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