South African Airways to cut almost 20% of labour
The interim CEO of SAA is doing what has been expected quite a time: Hard structural changes for South African Airways. in a press conference on Monday the 11th of November, Zuks Ramasia announce 18% of the 5,150 jobs would be eliminated. Affected would be all parts of the company, as well as Mango, the catering company Air Chefs as well as SAAT, the technology company.
Finance- and liquidity problems are obviously the reason for this decision for SAA, which has been always under political influence and not free to takle own decisions.
SAA had recently received its firtst Airbus A350 which would reduce ooperatin costs by 25% versus the backbone of the fleet, the Airbus A340.
