SAA to start job cuts?

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Re: SAA to start job cuts?

Unread post by gregdeklerk » Tue Nov 19, 2019 8:15 am

How was the situation different when the Greek government shut down Olympic? Surely there were huge debts too?
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Re: SAA to start job cuts?

Unread post by Ray W » Tue Nov 19, 2019 8:46 am

Swartbok wrote:
Mon Nov 18, 2019 5:49 pm
Unfortunately I am of the opinion that if it doesn’t go the unions way soon they’ll be trying to rope in the the unions of other airlines and even non members for extra support, even if by violent means to achieve their goal and officially deny and condemn the practice. As has happened before in history.

It’s the SA way.
Call me pessimistic if you want.
That is exactly what NUMSA said on the news last night.
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Re: SAA to start job cuts?

Unread post by ERASER » Tue Nov 19, 2019 1:51 pm

gregdeklerk wrote:
Tue Nov 19, 2019 8:15 am
How was the situation different when the Greek government shut down Olympic? Surely there were huge debts too?
On 1 December 2007 transport minister Kostas Hatzidakis announced that the entire Olympic Airways Group debts amounted to two billion euro......8000 staff lost their jobs.......
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Re: SAA to start job cuts?

Unread post by Burner » Tue Nov 19, 2019 2:01 pm

I see two years ago, Alitalia was in debt to the tune of 3.3 Billion Euros. Alitalia has been run very similarly to SAA, with massive cronyism, and corruption. Rumour has it that for years if you were influential, and had a child whom was pretty useless, didn't have the ability or drive to study or learn a skill, a quick call to Alitalia would result in an office and job title being created, where your kid could sit doing nothing all day whilst pulling a nice salary.

Etihad came in a few years ago and tried to turn it around, being silly enough to not realize how like everything in Italy, how heavily unionized Alitalia was. At the first sign of job cuts, no increases, less staff travel, the airline was brought to its knees by strikes.
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Re: SAA to start job cuts?

Unread post by Caravan Driver » Tue Nov 19, 2019 2:32 pm

Out of interest I wonder which cabin crew are operating on the regional and international flights? The ones who cannot afford to miss out on the dollar S&Ts? Also I guess not 100% of the cabin crew are union members.
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Re: SAA to start job cuts?

Unread post by Romeo E.T. » Tue Nov 19, 2019 7:03 pm

https://www.timeslive.co.za/politics/20 ... mKiWlsXX-s
No more government bailouts for SAA, says Gordhan after meeting unions

19 November 2019 - 18:07
BY MATTHEW SAVIDES

The government will not be giving embattled airline SAA another bailout.

So says public enterprises minister Pravin Gordhan in a statement issued after meetings with striking unions on Tuesday afternoon.

Gordhan said the meeting between the National Union of Metalworkers of South Africa (Numsa) and the SA Cabin Crew Association (Sacca) was "an open and frank exchange of information" as the strike entered its fifth day.

"While the minister reiterated the government's commitment to saving the airline, he strongly urged the unions to work with the airline's management to find a speedy resolution to the impasse. The ultimate aim is to ensure that both jobs and the airline can be saved," he said.
SAA heads to labour court as 'more strikers return to work'

SAA acting chief executive Zuks Ramasia says the airline will approach the labour court to interdict Numsa and Sacca from making further demands.
NEWS3 hours ago
Gordhan was clear that the government was "not in a position to make money available to the airline".

"The pattern of bailouts has become a moral hazard," he said.

"Over the last three years, the government has provided more than R20.5bn of fiscal support to SAA. No further financial resources can be advanced to the carrier. The government is facing severe financial constraints."

He added that restructuring SAA's business was required to return the airline to profitability.

"In addition to growing revenues, efficiencies must be improved and costs need to be reduced across the board. Savings in excess of R500m have been realised through renegotiating procurement contracts, many of which were concluded at inflated prices during the era of state capture," said Gordhan.

"More effort is required to respond to the cash shortfall that the airline is experiencing in this financial year. Unfortunately, the strike is not helping as it exacerbates the financial crisis and might put the airline in a precipitous position."
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Re: SAA to start job cuts?

Unread post by HJK 414 » Tue Nov 19, 2019 7:50 pm

"The government will not be giving embattled airline SAA another bailout.
So says public enterprises minister Pravin Gordhan in a statement issued after meetings with striking unions on Tuesday afternoon."


Wow,

If that is taken literally - the end of SAA is not far away......
There is no way the airline can generate enough operating cash / or get the business in a financial calm water - with enough revenue to be able to keep funding the shortfalls.

The Government will have no option / they will have to guarantee the (extra) loans and provide Operating cash - or it is over.


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Re: SAA to start job cuts?

Unread post by hans39 » Tue Nov 19, 2019 8:22 pm

Fail to understand the strikers logic:
Stop strike, hopefully keep SAA going, and earn the present salary plus 5.9% or.....
Continue strike, close down SAA and earn nothing.
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Re: SAA to start job cuts?

Unread post by GL » Tue Nov 19, 2019 9:37 pm

Putting it simply:
Pravin Gordhan is blustering. The government does not have the political will to close SAA. It will continue to drip feed it in the hope that the next CEO (according to the job spec a pale male?) will turn it around.
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Re: SAA to start job cuts?

Unread post by gregdeklerk » Tue Nov 19, 2019 10:00 pm

Who else is feeling it may be a case of

ZS-SDC NTU
ZS-SDD NTU
ZS-SDE NTU
ZS-SDF NTU
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Re: SAA to start job cuts?

Unread post by Mrb13676 » Wed Nov 20, 2019 9:04 am

NTU?
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Re: SAA to start job cuts?

Unread post by gregdeklerk » Wed Nov 20, 2019 9:26 am

Mrb13676 wrote:
Wed Nov 20, 2019 9:04 am
NTU?
Not Taken Up......

Due to liquidity problems?
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Re: SAA to start job cuts?

Unread post by trees » Wed Nov 20, 2019 9:44 am

The first two have already been delivered and the third was ferried to Hamburg on the 18th to get painted into SAA colours.
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Re: SAA to start job cuts?

Unread post by newelld » Wed Nov 20, 2019 1:34 pm

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Re: SAA to start job cuts?

Unread post by Hop Harrigan » Wed Nov 20, 2019 10:48 pm

hans39 wrote:
Tue Nov 19, 2019 8:22 pm
Fail to understand the strikers logic:
Stop strike, hopefully keep SAA going, and earn the present salary plus 5.9% or.....
Continue strike, close down SAA and earn nothing.
“Strikers” read (unions) and “logic” in the same sentence!!!!!
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