South African Airways May Fire a Fifth of Its Workforce as Part of Restructuring

South African Airways, the beleaguered state-owned airline that’s reliant on government financial support to continue operating, has started a restructuring process that could see its workforce cut by almost a fifth, Bloomberg News reported. As required by South African law, the carrier has started talks with labor unions about its plans, which could affect 944 of its 5,149 employees, SAA said in an emailed statement. The proposed restructuring includes all SAA divisions and departments, excluding its Mango Airlines, Air Chefs and SAA Technical units, it said. The airline is one of several state-owned companies, including power utility Eskom Holdings SOC Ltd., the South African Broadcasting Corp. and state arms manufacturer Denel SOC Ltd. that are fighting poor finances after years of mismanagement and alleged corruption. Read more