Serious questions of conflict of interest have been raised as the business rescue practitioners ask the ailing airline to pay R250,000 per month to Redford Capital – a consultancy firm of which they themselves are the directors.
The National Union of Metalworkers of South Africa and the South African Cabin Crew Association made the demand after the National Treasury under Tito Mboweni announced that no money would be allotted for South African Airways which faces liquidation
The company’s management has gone to court seeking an urgent interdict against the industrial action called by NUMSA. The union’s general secretary Irvin Jim said “We reject their attempts to blackmail workers into accepting reduced wages”
The spokesperson of the National Union of Metalworkers of South Africa said that the real intention behind Comair opting for business rescue could be to continue with its retrenchment plans under the guise of dealing with the lockdown
The labor dispute was finally settled with the signing of a wage agreement, which prevented the looming strike action.
Samancor Chrome Limited has cited operational reasons for preparing to retrench nearly 3,000 employees. Workers organized by the National Metalworkers Union of South Africa (NUMSA) are preparing to resist the retrenchments
The “rescue plan” for Eskom unveiled by the South African minister for public enterprises proposes the unbundling of the state-owned company and increases reliance on private Independent Power Producers, which the unions claim, is the root cause of Eskom’s financial troubles.
Over a thousand gathered in Johannesburg to attend the Launch Congress of the Party which seeks to build socialism in South Africa