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'No sacred cows': South African Airways boss plans deep cuts

Reuters  |  JOHANNESBURG 

By Tiisetso Motsoeneng, Olivia Kumwenda-Mtambo and Patricia AruoJOHANNESBURG (Reuters) - Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan.Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio of 108 percent."SAA cannot carry the same workforce, whether it is pilots, cabin crew or administration," he told Reuters. "We have to make some tough decisions to save the airline. There cannot be sacred cows when ...

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First Published: Mon, June 11 2018. 20:35 IST
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