South African Airways secures state-led rescue

South African Airways secures state-led rescue

South African Airways was placed under a state-led rescue plan on Thursday as part of a massive restructuring following a costly week-long strike last month.

Thousands of South African Airways (SAA) staff walked out on November 15 after the cash-strapped airline failed to meet a string of demands, including higher wages and job in-sourcing.

The strike was called off the following week after SAA management and unions eventually clinched a deal.

Continue reading South African Airways secures state-led rescue at Vanguard News.

Source: South African Airways secures state-led rescue