Avi8tor "Make the staff the shareholders"
I believe the staff were "shareholders" at one time. The shares were bought back by the company.............individual junior staff (excluding pilots) had no option in the last round as according to the unions and management, majority junior staff gave the go-ahead for this transaction........SAA bought back the last 1/3 portion shares for a total, mind blowing +- R130.00 per staff member.........
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Last edited by ERASER; 1st Nov 2007 at 07:36.