Today's Labour News

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saa thumb medium95 76Fin24 reports that attempts by the management of SA Airways Technical (SAAT) to try to improve on the partial payments of March salaries continued until Saturday morning, but were unfortunately unsuccessful.

This was told to employees in a letter at the weekend. Meetings were also held with unions on Friday. SAAT is a subsidiary of SA Airways (SAA), but unlike its parent company, it is not in business rescue. "ExCo will tirelessly continue to engage with the board and shareholder to secure short and medium term solution around the SAAT financial challenges, while the current customer activity and revenue streams remain depressed," the letter states. It goes ion to indicate: "Immediate focus is also on optimising recoveries from customers for work taking place this month, so we can enable prospects of paying April salaries." The management indicated that the plight and difficulties faced by employees were fully understood and continued to be conveyed to the shareholder, namely the Department of Public Enterprises (DPE). The DPE apparently hopes to obtain a special allocation from Parliament, which is currently in recess, in order for R2.7 billion of the R10.5 billion provided for SAA in the mini-budget in October last year, to go to the airline's subsidiaries SAAT, Mango and AirChefs.

  • Read the full original of the report in the above regard by Carin Smith at Fin24

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