SAA approves over 3,000 voluntary severance package

File: South African Airways has approved over 3,000 voluntary severance packages.

File: South African Airways has approved over 3,000 voluntary severance packages.

AFP

JOHANNESBURG - South African Airways has approved over 3,000 voluntary severance packages.

The company has over 5,000 employees and is retrenching over 3,700.

The retrenchments are a part of its restructuring, following last month's approval of its business rescue process.

READ: SAA finalising implementation of the rescue plan

The employees' severance packages includes one week's severance pay, a month's notice period, a 13th cheque as well as leave paid out.

Affected employees include ground staff, pilots, cabin crew, as well as management staff.

Source
eNCA

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