Home Business Mass sack looms in Arik
Business - March 3, 2017

Mass sack looms in Arik

There are fears of a looming mass sack in Arik Air, following the takeover of operations of the Africa’s and Nigeria’s biggest airline Asset Management Corporation of Nigeria (AMCON)

The airline which used to operate about 120 flights a day now manages to operate less than 30.

Daily Trust reported that, the usually crowded Arik Air departure hall at the General Aviation Terminal (GAT) of the Murtala Muhammed Airport was virtually empty with another airline operating from the same terminal taking most of the passengers.

However the fear among the workers now is the possibility of retrenchment as the revenues of the airline shrinks daily.

It was gathered that the airline has about 2,000 workers payroll in Nigeria with about N1 billion monthly wage bill and a projected monthly revenue of N1.5 billion, which is not enough to meet operating costs, offset aircraft insurance bills or pay its creditors.

But the media consultant to Arik Air, Simon Tumba, said it was not true that the airline is planning to sack workers. He said instead of sacking workers, the new management is planning to stabilize the operations by bringing in five more aircraft and put them back in the air.

“It’s not true because the main task of this current management is to stabilize things, make sure things are working very smoothly”, he said.

Leave a Reply

Your email address will not be published. Required fields are marked *