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Numsa and Sacca plan to ground Thursday’s meeting of SAA creditors on business rescue plan

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saa thumb medium95 76Business Report writes that the National Union of Metalworkers of SA (Numsa) and the SA Cabin Crew Association (Sacca) on Friday said they were planning to interdict Thursday’s scheduled meeting of creditors to adopt the SA Airway (SAA) business rescue plan.  

The unions have rejected the proposed 3,700 job cuts to rescue SAA and have accused Department of Public Enterprises (DPE) Minister Pravin Gordhan of engaging with them in bad faith.  “We have accordingly lost all trust in the DPE and more particularly in Minister Gordhan, as an honest and competent partner in our endeavour to save SAA.  We reject with contempt the announcement that only 1,000 employees will be retained in the business rescue practitioners’ plan as it is tantamount to unleashing a job loss bloodbath,” the unions stated.  Secured lenders and concurrent creditors will decide the future of the airline when they vote on the proposed business rescue plan.  SAA’s joint business rescue practitioners (BRPs) Siviwe Dongwana and Leslie Matuson have projected that 1,000 employees would be retained, while the remaining employees would be retrenched.  The BRPs said that in terms of the envisaged ramp up, it was anticipated that the final staff number would increase in accordance with the market conditions and passenger demand to 2,892.  Employees who accepted voluntary severance packages or who were retrenched would not be precluded from applying for such positions as they became available.

  • Read the full original of the report in the above regard by Dineo Faku and Siphelele Dludla at Business Report
  • Read too, Unions slam rescue plan for SAA, on page 5 of City Press Business of 21 June 23020
  • And also, Mango’s rivals condemn plan to bail it out as part of SAA rescue, at Business Times (paywall access only)


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