for subscribers

Skywise: We can only keep saying sorry

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - Some Skywise employees are distressed because they have not been paid since December.

In a letter dated December 17 (a copy of which is in Fin24's possession), Skywise informed one of its pilots that, due to financial constraints, the airline is unable to make certain financial commitments. The airline blamed the suspension by Airports Company SA (Acsa) for its financial predicament.
 
The letter states that the person's position has been made redundant and that the employee's services would terminate on January 1 2016 (30 days after the suspension of flights on December 2). The pilot is also informed that in the light of the financial situation, he is "not obliged to continue with services to the company as of December 2 2015".
 
The letter also states that, should finances become available by January 30 2016, the employee would receive a severance package consisting of a full month's salary for December or a pro-rata amount. Any outstanding leave would also be calculated and paid out, according to the letter.

Skywise admitted to Fin24 that retrenchment letters had been issued to some of its employees on December 17 2015.
 
"Skywise is currently working with skeleton staff until the new investors are on board. Every employee of Skywise worked very hard. It is unfortunate that we could not pay them in the month of December when they should have been given bonus salaries to celebrate the festive season," Skywise responded.
 
"Some of the employees are very grieved and some have moved on with new jobs. However, the employees’ retrenchment package is one of the liabilities of Skywise to be paid once the investors are on board."

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.49
(+0.90)
ZAR/GBP
22.83
(+1.35)
ZAR/EUR
20.54
(+1.13)
ZAR/AUD
12.50
(+1.28)
ZAR/JPY
0.16
(+1.63)
Gold
1914.41
(-5.61)
Silver
24.83
(-14.54)
Platinum
931.00
(-5.42)
Brent Crude
44.95
(+1.33)
Palladium
2081.07
(-6.36)
All Share
57168.24
(+0.72)
Top 40
52831.61
(+0.76)
Financial 15
10215.75
(+3.21)
Industrial 25
75524.64
(+1.14)
Resource 10
58677.82
(-0.46)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 960 votes
It depends on how the funds are used.
74% - 6390 votes
No. We should have gotten the loan elsewhere.
15% - 1317 votes
Vote