Arik Air Slash Workers Salaries By 80%

Arik Air has taken drastic measures, announced 80 per cent cut in the salaries of all workers for April, 2020.



With a careful deliberation and analysis by the management and entire organization for the month of April 2020.



This will be effective by May 1st 2020, no less than 90 per cent of staff will proceed on leave without pay until further notice.



According to a source, a statement issued by the airline reads "While we are not unaware of the challenges that each and every one of us may face during this difficult period, we join you in remaining hopeful that this ugly situation will abate in the shortest possible time and our organization will come out stronger in the long run.


"We are confident that the steps we are taking now are in the best interest of all and will see us through this difficult epoch in the history of mankind ."




"To date, the situation created by the COVID-19 pandemic remains dire with a high level of uncertainty, even within medical circles regarding the containment of the pandemic. However, daily updates from a few countries seem to be encouraging.



"Our situation in Nigeria appears to be getting worse. With the current observed trend of events, it is prudent to lean on the assumption that the situation is likely to persist for a while longer.



"Of huge significance to us is that we have suffered a sharp decline of over 98 per cent in our revenue streams since the suspension of our scheduled flights almost four weeks ago.



"Added to this is the rapid decline in the value of the Naira by over 35 per cent against the benchmark and with oil prices now falling well below $15 per barrel, it is evident that we must, without further delay, take decisive action to preserve our organization”.


Source: TheNation, StrenuousBlog