Economics

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

  • Cash-strapped airline set to reduce workforce by about a fifth
  • SAA’s cumulative loss over the past 13 years is $1.9 billion

Photographer: Bruce Bennett/Getty Images 

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South African Airways has set itself up for a confrontation with labor unions after the cash-strapped carrier initiated talks that could see its workforce reduced by almost a fifth.