how do competitors benitfit from saa strike
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Answer:
Any industrial action will endanger the existence of South African Airways (SAA), and could destroy every job at the state-owned airline as well as related industries.
This was the message from Deon Fredericks, interim chief financial officer (CFO) of SAA, at a media briefing on Tuesday afternoon.
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"We need to address the sustained loss making position of the past years and note with concern the union threats of industrial action," said Fredericks. "But by working together we can obtain the objectives of our turn-around strategy."
SAA announced on Monday that it is embarking on a restructuring process which may affect 944 jobs - almost a fifth of its employees. The restructuring excludes SAA subsidiaries SAA Technical, Mango Airlines and Air Chefs.
In a joint statement issued on Tuesday, the National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (SACCA) condemned SAA for informing the workers of retrenchments "via the media". According to Fredericks there was a meeting, but the unions did not attend.
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