SAA could save R700m from a restructuring drive that includes layoffs, a senior executive said on Tuesday, a day after the struggling national carrier unveiled plans to slash its workforce by almost a fifth.

The company is due to meet unions about its plan to offload 944 jobs, or 20% of its more than 5,000 workforce, and the projected cost savings could be "very different", said Martin Kemp, GM for human resources at SAA.

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