SAA rescue plan improves offer to employees

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa Headlines News

A generous voluntary severance package to employees of SAA has been accepted by all trade unions except for the SAA Pilots Association

SAA’s business rescue practitioners published an updated plan on Wednesday with few material changes other than an offer to place 1,000 employees on a training layoff scheme instead of retrenchment.

The change came about as a result of talks between the department of public enterprises and majority trade unions the National Union of Metalworkers of SA and the SA Cabin Crew Association earlier this week.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAA pilots made unaffordable demands for severance packages - DPEThe Department of Public Enterprises (DPE) said that SAA pilots had been making unreasonable and unaffordable demands, with some wanting to secure severance packages of up to 60% more than what's being offered.
Source: ewnupdates - 🏆 30. / 53 Read more »

SAA rescue plan improves offer to employeesA generous voluntary severance package to employees of SAA has been accepted by all trade unions except for the SAA Pilots Association
Source: BDliveSA - 🏆 12. / 63 Read more »

Majority of SAA unions agree to severance packagesAround 2,700 staff will be retrenched at SAA and will be able to access the voluntary severance packages once a business rescue plan is endorsed.
Source: eNCA - 🏆 49. / 51 Read more »

About 2,700 SAA workers to lose jobs as retrenchment package deal reachedAbout 2,700 SA Airways employees will lose their jobs, the department of public works said on Tuesday night.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Union deal secures more jobs at SAAAgreement with the government has made an additional 1,000 jobs safe by using the training layoff scheme
Source: BDliveSA - 🏆 12. / 63 Read more »

Public enterprises tells SAA unions there is no money for better severance payThe Department of Public Enterprises said it would not be able to entertain further demands from labour unions regarding the retrenchment process at South African Airways.
Source: IOL - 🏆 46. / 51 Read more »