ARIK AIR

Economy in crisis: Arik Air fires 300 workers

The management of Arik Air has fired 300 members of staff with immediate effect.

This was announced in a statement by the airline on Friday.

It blamed the sacking on the impact of COVID-19 pandemic.

The press statement was titled, “Arik Air management declares 300 staff redundant”.

The company explained that a redundancy package would be provided for the affected workers with the help of the aviation unions.

See Statement from Arik Air:

“Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In Receivership) has declared 300 staff members redundant to its current level of operations.

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




Call 0803 239 3958 for free financial consulting advice for your businesses. Attend our bi-monthly Peachtree Sage 50 accounting and reporting seminar.
Reach us or send your financial updates and articles to info@skytrendconsulting.com.

READ ALSO! Naira free fall: Parallel market not determined by demand, supply forces — CBN Governor

READ ALSO! Skytrend Consulting: Financial services and accounting solutions company

READ ALSO! Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu

READ ALSO! For failing to give out ‘adequate loans’, 12 banks fined N499bn

READ ALSO! Naira plunge: Speculators will suffer huge loss, Operators warn

READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds

5 COMMENTS

  1. If my memory serves me right, AMCON had already taken over the management of Arik because if the massive loan portfolio that went awry. The aviation industry and hospitality industry deserve a government bail out of sorts in form of soft loans from CBN. Aviation is key to hospitality and vice versa. When you have shoe shiners doing the job of shoe repairers, this is what you get.

Leave a Reply