NUMSA and the South African Cabin Crew Association members started at indefinite strike at SAA on Friday. They are demanding an 8% salary increase. SAA, in turn, says it cannot afford to pay any increases.
Unions are also demanding that SAA provide job security, amid plans to retrench a fifth of its staff. The embattled airline has suffered billions in losses, and for the second year running failed to submit its financial statements as its auditors believe it may not be a going concern.SAA told Parliament's Standing Committee on Public Accounts last week that it is “technically insolvent”. It is understood that the airline urgently needs need funding, before the end of the month, to keep flying.
In October, the National Treasury said in a statement:"In its current configuration, SAA is unlikely to generate sufficient cash flow to sustain operations.” Finance minister Tito Mboweni is also eager to get rid of SAA, which he believes is a luxury the South African state can’t afford. He has repeatedly said he would rather use the money it would take to keep SAA flying to instead boost public transport, including the taxi industry.Also from Business Insider South Africa:
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