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-0.00141948540040482 -0.00267346053772768 0.00896212778259598 0.00997398091934082 -0.00173460537727674 -0.0130095403295751 -0.0212489158716392 -0.0265972824515756
Stock impact report

South African trade unions seek court action over job cuts at SAA [Reuters]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Reuters
South African trade unions seek court action over job cuts at SAA * SAA rescue specialists want unions to agree layoffs * Unions apply for court hearing on May 7 to block plans * Unions want to see business rescue plan first * Creditors have given until May 29 for rescue plan * Comair also seeking job cuts and bridging finance JOHANNESBURG, May 1 (Reuters) - Two South African trade unions are seeking court action to try and block layoffs at the embattled state-owned South African Airways (SAA), according to court papers seen by Reuters on Friday. SAA entered a form of bankruptcy protection in December and rescue specialists Les Matuson and Siviwe Dongwana proposed severance packages for all of SAA’s roughly 5,000-strong workforce last month after the government said it would not provide any more funds. They gave trade unions until the end of business on Friday to reach an agreement on staff severances. Otherwise, the specialists “will have to make an urgent application for an order di Show less Read more
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