… as It Cuts Salaries of Remaining Staff by 40 %
Despite the sacking of over 70 pilots across its fleet types recently and the slash of the salary of its remaining over 2,000 workforce by about 40 per cent ,Air Peace is to further lay off more of its workers soon , as the negative impact of the COVID-19 pandemic bites harder on its operations.
The Airline said it will cut fresh jobs, to enable it sustain its operations and survive the times while it had to review downwards , the salaries being paid to all staff by about 40 per cent, depending on the salary grades of every staff.
It explained that it had to take the decision in the face of the devastating effects of the COVID-19 pandemic on its operations and financial health.
The Airline management stated in a Statement on Monday ,that the reduction in the number of its pilots became imperative because it could not afford to continue to fulfill its financial obligations, without carrying out restructuring of its entire operations to survive the times.
It also stated that, the painful decision was to keep its operations afloat, after it carried out a raft of measures including cut of zero to 40 per cent in the salaries of staff so that it can continue to stay afloat.
Air Peace also said that the decision became inevitable , to protect the continuity of majority of the existing jobs and the possibility of creating new ones in future, adding that the survival of the airline is of paramount importance.
It said when everything comes back to normal, those pilots affected today will have a place to come back to in future if they so wish , explaining that failure on its part to take the step , may lead to the collapse of the airline as it has happened to some globally during this period.