Business & Investment

Labor group accepts airline payment settlement

Seven labor groups representing South African Airways workers who have not been paid since March agree to accept a three-month wage settlement proposal, a move to support the government’s efforts to revive a bankrupt state airline. did.

Members of the group, including the South African Transport Workers’Union and Solidarity Union, will also receive a lump sum related to the public enterprise sector, which is part of the increase and year-end bonus they incur. Said in a statement on Thursday.

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The last profitable SAA in 2011 was subject to bankruptcy protection a year ago. The Treasury has secured R10.5 billion to resume air travel, but efforts to revive it have been hampered by the Covid-19 pandemic and the resulting diminished demand for air travel. I have come.

“The government has limited funding and is focusing on restructuring South African Airways and resuming operations for airlines and subsidiaries,” the agency said. “The availability of these funds is the result of the government having to tighten some belts to enable restructuring.”

Three major unions representing SAA workers — South Africa’s National Metal Workers’ Union, South Africa’s Flight Attendants Association, and South Africa’s Pilot Association have rejected the state’s offer to settle wages.

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Labor group accepts airline payment settlement

https://www.moneyweb.co.za/news/south-africa/labour-groups-accept-airline-pay-settlement/ Labor group accepts airline payment settlement

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