Engineering News reports that trade union Uasa and the Federation of Unions of SA (Fedusa), to which Uasa is affiliated, have urged the Department of Public Enterprises (DPE) to seek help from other government departments to find funds to save financially-embattled defence industrial group Denel.

The two labour bodies called on the DPE to hold talks with entities such as the National Treasury, and the Department of Trade, Industry and Competition and the Department of Defence to find the funding needed to execute a turnaround plan for the parastatal. Senior members of these and other unions met with senior Denel and DPE officials on Monday to discuss potential turnaround strategies for the state-owned entity (SOE). For a year now, Denel employees have not been receiving their full salaries, because of the group’s financial crisis. “Denel cannot be allowed to fail as it is core to the Defence and Aerospace Masterplan adopted by the government. Uasa is hopeful that engaging the relevant State departments combined with the Defence and Aerospace Masterplan will culminate in a solution for the SOE‘s woes,” the unions indicated in their statement.

• Read the original of the report in the above regard at Engineering News

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