South Africa. SAA: no pension money for bail-out
The Congress of SA Trade Unions (Cosatu) will go on a national strike if funds from the Public Investment Corporation (PIC) are used to bail out the ailing SAA, parliament heard on Friday.
The federation was presenting its submission to the Standing Committee on Appropriations, detailing its concerns about the airline and its 10 000 workers.
Last month, the PIC said it was not ruling out the possibility of bailing out the embattled SAA, after it received cash injections from the National Revenue Fund twice in three months earlier this year.
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