Financially struggling, recent reports suggest that South African Airways may be expediting its plans to cut jobs. A spokeswoman for NUMSA – the National Union of Metal Workers South Africa – says that the airline has told unions it must fire over 944 workers in order to secure much needed funding to continue operations.
South African Airways desperately needs money from the government. Photo: Airbus
Losing money since 2011, the state-owned Development Bank of Southern Africa recently prevented the collapse of South African Airways by giving the carrier access to 3.5 billion rand (US$239 million).
There are strings attached to this money, however, and a team of business rescue experts has been put in place to come up with a plan to save the troubled