Solidarity takes credit for SAA’s business rescue decision
SAA says this will allow for ‘a better return for the company’s creditors and shareholders, than would result from any other available solution’
05 December 2019 - 13:31
Trade union Solidarity is claiming credit for the decision to place ailing state-owned airline SA into business rescue and criticised the government for wanting more control over a process it was initially opposed to.
The SAA board of directors on Wednesday night adopted a resolution to place the loss-making airline into business rescue. The decision followed a crippling, eight-day wage strike by the National Union of Metalworkers of SA (Numsa) and the SA Cabin Crew Association (Sacca) in November, which cost the airline more than R50m a day...
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