POST Online Media Lite Edition



 

Nigerian airline Aero axes about 60 percent of its workforce

Staff Writer |
Nigerian airline Aero has made about 60 percent of its workforce redundant in an effort to stay afloat.

Article continues below






The more than 400 staff made redundant are mainly support staff such as baggage handlers and security workers, Chief Executive Ado Sanusi said.

"It is very clear that if we did not make the decision the business would die," said Sanusi, adding that the wage bill for an airline with just two functioning planes was not sustainable.

It comes weeks after the country's largest airline, Arik Air, went into receivership due to its inability to pay workers.

Airlines in Nigeria, which is in its first recession for 25 years because of a slump in oil revenues, have experienced fuel shortages in recent months because the supply of dollars needed to pay for oil products has dried up.


What to read next

U.S. fund aims to raise $2 billion for Nigerian infrastructure
Strat Aero to use drones to inspect largest electricity provider in Kansas
Strat Aero wins contract with Cyprus Department of Civil Aviation