Home News COVID-19: Air Peace down sizes workforce, cuts down salary by 40%

COVID-19: Air Peace down sizes workforce, cuts down salary by 40%

by timenews
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With the unbearable impact of the Coronavirus (COVID-19) pandemic on
airlines worldwide, the Management of Air Peace has said it has taken
a bold and wise decision to go into restructuring to salvage the
Airline and maintain its niche of commendable staff welfare.

The Aviation Industry invariably remains the worst hit with the
pandemic with some airlines already closing shops globally.

Under the restructuring according to the Airline, some workers
including pilots were laid off in what it described as a very painful
but right decision saying that the decision was taken for the greater
good of the Company and its almost 3000 workforce and the affected
pilots inclusive.
“The Management of Air Peace wishes to state that it has taken a very
painful but rightful decision, in the circumstances the airline has
found itself as a result of the devastating effects of the COVID-19
pandemic on its operations and financial health, to terminate the
employment of some of its pilots.
“This decision was taken for the greater good of the company and its
almost 3000 workforce, the affected pilots inclusive. The airline
cannot afford to toe the path of being unable to continue to fulfil
its financial obligations to its staff, external vendors, aviation
agencies, maintenance organisations, insurance companies, banks and
other creditors hence the decision to restructure its entire
operations with a view to surviving the times.
“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 per cent to 40 per cent cut of the former salary depending on the
salary grades of every staff. Even after the cuts, it was obvious that
for us to be able to sustain our operations and survive the times,
some jobs must inevitably have to go.
“Air Peace has never, for one day, ever owed salaries to its workers
in its almost six years of existence, pilots inclusive. Rather the
management of Air Peace has always been known to be increasing
salaries of its employees periodically without being prompted by
staff. In fact, in one fell swoop, Air Peace increased the salaries of
pilots by over 100 per cent in one day! Our salaries have always been
paid even before the end of the month in the last 5 years!” Air Peace

Reiterating that it loves the entire staff, it emphasised that the
decision was inevitable under the circumstances “we find ourselves. In
order to protect the continuity of majority of the existing jobs and
the possibility of creating new ones in future, the survival of the
airline is of paramount importance. When everything comes back to
normal those pilots affected today will have a place to come back to
in future if they so wish,” it stated.
“The decision is a reflection of the negative impact of the pandemic
on airlines and aviation worldwide. We are in trying times. Even the
biggest airlines in Europe, America, Middle East, Asia, Australia and
indeed, Africa, are all either slashing jobs or cutting salaries in
order to remain afloat or are shutting down.  Air Peace is not immune
from these challenges,” it said further.

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