PRETORIA, 24 December 2020 Four South African Airways (based unions and
three non-unionized workers formation s have agreed on the payment of deferred salaries
to employees.
The Department of Public Enterprises supports the decision by South African Airways (SAA) Business Rescue Practitioners to lockout members of the union, the South African Airways Pilots Association (SAAPA) after protracted negotiations failed to yield agreements on new conditions of employment for a future restructured airline.
The Department of Public Enterprises (DPE) has urged South African Airways (SAA) labour unions to work with all stakeholders to finalise the business rescue process, including the full and final settlement of deferred salaries for employees.
The Minister of Public Enterprises has welcomed government’s commitment to provide R10.5-billion to be used to finalise the Business Rescue Plan (BRP) and restructuring of South African Airways (SAA).
The DPE confirms that government will reprioritize funds to finalise the restructuring of South African Airways (SAA) and the implementation of the airline’s business rescue plan. An announcement to this effect will be announced in the Adjustments Appropriation Bill, which will be introduced in Parliament soon.
The
The Department of Public Enterprises (DPE) is aware of a creditors meeting called to discuss the future of the business rescue plan for South African Airways and protests scheduled to be held outside the airline’s offices on Friday. Efforts to locate funding sources continue.
The Department of Public Enterprises (DPE) would like to inform the public that efforts to finalise the South African Airways (SAA) business rescue process and the restructuring of the airline are ongoing and a decision on the sources of funding will be announced soon.