South Africa at Loggerheads With Unions Over Airline Overhaul

South Africa’s Department of Public Enterprises announced its withdrawal from a panel that was established to facilitate talks with the troubled national airline’s workers about its planned overhaul, accusing three labor unions of undermining its work and putting jobs at risk, Bloomberg News reported. South African Airways was placed into a form of bankruptcy protection six months ago after a succession of managers failed to restore it to profitability and Finance Minister Tito Mboweni urged an end to repeated bailouts. Administrators this month published a rescue plan that would stave off the carrier’s liquidation by securing it at least 26.7 billion rand ($1.5 billion) in additional state aid, a first step toward laying the groundwork for a new, viable carrier. Read more