Air Peace Sacks Pilots, Slashes Salaries Up To 40%
Air Peace, has sacked scores of pilots across its fleet and have slashed staff salaries by up to 40 per cent.According to Mr. Olise’s statement, the retrenchment, and shedding of staff is not unlinked with the economic devastation wrought by the COVID-19 pandemic.
The spokesman’s communique further stressed that the decision was inevitable under the circumstances, adding that the move was made in order to protect the continuity of the majority of the existing jobs and the possibility of creating new ones in the future, as well as to ensure the survival of the airline.
“The pandemic has hit every airline worldwide so badly that it has become very impossible for airlines to remain afloat without carrying out internal restructuring of their costs. Anything short of what we have done may lead to the collapse of an airline as could be seen in some places worldwide during this period. Therefore, we decided to review the salaries being paid to all staff. The new salaries reflect a 0%-40% cut of the former salary depending on the salary grades of every staff.
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