SAA on the skids — on Friday, staff face two stark choices

“If the practitioners cannot reach an agreement with employees, then the practitioners are unable to continue with the business rescue process and the practitioners will have to make an urgent application for an order discontinuing the business rescue proceedings and placing SAA into liquidation.”

They highlighted that the halt of operations due to the coronavirus lockdown had further strained the business and, therefore, there were no funds to pay employees after April 30. SAA has been in business rescue for the past five months. Last month, the business practitioners served employees with section 189 notices, alerting them of retrenchments.“It is the practitioners’ view that the proposed actions outlined above provide the most responsible way for a managed cessation of operations of the airline and managing the risks of all affected parties,” they said.

Source: News Formal (newsformal.com)

Can’t wait till the lockdown is over? Since there’s no business and let them get pay from UIF for the time being like everyone, why rush to retrench?

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