The management of Air Peace, has in a statement, confirmed the sacking of its pilots. Air Peace said the company had to make the decision, which they described as painful, due to the effects of the COVID-19 pandemic on its operations and finances.
According to reports, Air Peace terminated the employment of 69 of its pilots and other workers, but the airline said the decision was taken for the greater good of the company and its almost 3000 people workforce.
In a statement issued by the airline, Air Peace decided to review its salary depending on the salary grades of every staff, but they discovered that even after the cuts, it would still be unable to sustain operations and survive the current times. This was what resulted in the terminations of employment.
The statement partly read: “We wish to state that we have taken a very painful but right 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.”