A business rescue plan (BRP) for South African Airways has been approved by creditors, and as part of the plan over 2,000 employees will be retrenched.
A business rescue plan for SAA was approved.
Public Enterprises Minister Pravin Gordhan said: ‘We have a social plan that has been developed…and the idea of the social plan is to have a lay off scheme so that in the immediate, up to a 1,000 people can be employed and another 1,000 are part of what is called a training lay off scheme where other arms of government and other institutions like the transport SETA will participate and the private sector as well so that we keep another 1,000 people in reserves so that as the airline grows and as conditions change, those people can be brought on board,’ reports eNCA.
The BRP was approved on Tuesday, July 14, after 86% of SAA creditors voted in favour of the plan, according to The South African.
Gordhan added that the affected workers part of the ‘training lay off scheme’ will benefit from this project, as it is established to employ, train and refer them.
Image credit: Getaway gallery
