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South African Airways Cuts Deal With Unions, Future Remains Uncertain

The state-owned South African Airways (SAA) managed to reach an agreement with labor unions on Friday, ending a strike that lasted over a week and cost the airline approximately $3.4 million each day. Last week, the South African flag carrier announced that the airline would be undergoing a large-scale restructuring that would involve laying off 944 workers from the company’s bloated 5,000 employee payroll in order to offer a 5.9% pay increase. ( More...

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