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Khaya |
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Kha´ya
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South African Airways said it will lay off 1,000 employees, or approximately 9% of its workforce, next year in a cost-cutting measure, according to widespread South African press reports citing a statement from CEO Khaya Ngqula, who said the airline is enjoying increased traffic and revenue but cannot hold down its expenses. Khaya Ngqula, Chief Executive Officer of the Industrial Development Corporation ("IDC") of South Africa, by Pule Mohutsiwa representing the Bakwena Ba Mogopa Trust and by Sam Louw, Member of Parliament and representative for the Department of Minerals and Energy. South African Airways said it will lay off 1,000 employees, or approximately 9% of its workforce, next year in a cost-cutting measure, according to widespread South African press reports citing a statement from CEO Khaya Ngqula, who said the airline is enjoying increased traffic and revenue but cannot hold down its expenses. |
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