News

South Africa: Air Chefs plans to cut 118 jobs

  • Comments   -   Monday, 11 June 2018 - 16:06

(Ecofin Agency) - South African Airways (SAA)’s catering unit-Air Chefs- plans to cut 118 jobs over a total of 1,200 employees, the country’s National Union of Metalworkers of South Africa (NUMSA) revealed.

According to the organization, which stands against this measure, any restructuration operation should be subject to discussion within the entire SAA group and should not be decentralized. Moreover, NUMSA indicated that consultations with SAA’s Chief Executive Vuyani Jarana are expected to take place next June 15.

Let’s note that this job-cut strategy comes in a difficult context for the company which has been struggling to return into profitability since 2011 and lost about R5.6 billion during the 2016-17 financial year.

Espoir Olodo

On October 18, 2018, Léon Juste Ibombo, Congo’s minister of posts and...
Read more |  19 October 2018
JSE - listed (Johannesburg Stock Exchange) IT company Altron and Huawei partnered to...
Read more |  19 October 2018
Bank of Kigali will issue new shares at CFA270 each, the bank...
Read more |  19 October 2018
Kenya plans to attract about 2.5 million tourist arrivals per year by...
Read more |  19 October 2018
Tunisia is being watched by the Eurobond market following its announcements that...
Read more |  19 October 2018
The African Development Bank’s efforts to channel critical investment funding to Africa’s...
Read more |  19 October 2018
Kenya plans to attract about 2.5 million tourist arrivals per year by...
Read more |  19 October 2018
Tunisia is being watched by the Eurobond market following its announcements that...
Read more |  19 October 2018
The African Development Bank’s efforts to channel critical investment funding to Africa’s...
Read more |  19 October 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.