Business

Arik Air Sacks 300 Staff

Femi Ashekun/

Arik Air today announced the sack of 300 workers.

In a statement titled, ‘Arik Air management declares 300 staff redundant’, the airline said the action was due to the adverse effect of coronavirus.

It however assured that a redundancy package would be provided for the affected staff.

Arik Air explained that the pandemic has constrained its ability to complete heavy maintenance activities and return its planes to operations.

The company also cited stunted revenues amid increasing operational costs.

“The leadership of the impacted unions has been contacted to negotiate a redundancy package for the affected staff,” the statement reads.

Arik Air added that over 50 percent of its workforce of over 1,600 staff have been on furlough in the past six months.

0
Editor

Recent Posts

Anti-Graft DG Resigns after Setting the World on Fire with High Profile Serial Sexcapades in Equatorial Guinea

Matilda Omonaiye/ The Director General of the National Financial Investigation Agency in Equatorial Guinea, Baltasar…

6 hours ago

Aquitane Oil & Gas Accuses Zenith Bank of Forgery, Alleges ₦1.4 Billion Dividend Theft, Unauthorized Sale of Collateral Shares

Segun Atanda/ In a scandal shaking Nigeria’s financial sector, Aquitane Oil & Gas Ltd., a…

9 hours ago

Quincy Jones: Legendary American Music Producer behind Michael Jackson’s Thriller Dies at 91

Segun Atanda with AP/ After a career spanning 70 years, Quincy Delight Jones, Jr., the…

2 days ago

Tinubu’s Team Hits Atiku, Defends Economic Reforms

Segun Atanda/ The presidency has hit back at former Vice President Atiku Abubakar, dismissing his…

2 days ago

UN in Nigeria: Charting a Path Towards a Brighter Future

By Mohamed Malick Fall/ The indescribable destruction caused by the first and second world wars…

2 days ago

Kemi Badenoch Becomes UK Conservative Party’s First Black Leader

Segun Atanda/ Kemi Badenoch has been elected the new UK Conservative leader. The former business…

4 days ago