South African Airways restructuring to affect nearly 1000 workers

businesstimes.com.sg

- businesstimes.com.sg | 4 weeks ago

SAA CEO Zuks Ramasia said while it would be difficult to determine the scale of the restructuring, "it is estimated that approximately 944 employees may be affected".

South Africa is struggling to get its state-owned companies back on track after nine years of corruption and mismanagement under former president Jacob Zuma. The country's embattled power utility Eskom received a US$1.

6 billion-a-year bailout in February - partly to deal with maintenance issues and to stave off credit rating downgrades.

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