Business
Settlement On Course For Redundancy Benefits – Aero Airline
The Aero Contractors Airline has affirmed its commitment to clear the remaining five per cent of redundancy benefits owed its workers.
Managing Director and Chief Executive Officer of the airline, Captain Ado Sanusi, in a press release said the firm was intensifying efforts to address outstanding financial commitments.
He faulted the move by workers union, the National Association of Aircraft Pilots and Engineers (NAAPE), to issue a press statement, despite ongoing efforts to resolve the issue amicably.
“This should not be an opportunity for disharmony, dialogue is a process. There was a letter written, there was a process agreed upon, and all of a sudden they went to the press. We are ready to resolve the issue”, the CEO stated.
NAAPE had recently issued a letter threatening to go on a protest over non-payment of outstanding redundancy benefits to its members.
The group accused the management of Aero Contractors of depriving the affected former workers access to their entitled benefits.
The protest letter, addressed to the management of the airline, read in part: “Consequent upon the avalanche of complaints received from our members who have been deprived of their fundamental entitlements and denied the rightful collection of their redundancy benefits in the last seven years and given the anguish and mental agonies suffered by them, We are compelled, as responsible representatives of these eminent men/women, including the dead, to protest through this letter and express our bitterness over management’s seeming lackadaisical attitude, insincerity and insensitivity to the continued wellbeing of these great Nigerians”.
The Aero CEO, however, clarified that in the last seven years, the company has paid approximately 95 per cent of the redundancy benefits.
“We should be given credit because this management initiated the process of paying off redundancy. We want our prospective investors to understand that we are a very responsible company, and we take our obligations seriously, not only for staff but also in other areas.
“We update them on a day-to-day basis to ensure business continuity. It is a very tough environment in which we are operating”, he said.
Sanusi stressed the importance of maintaining transparency and communication with stakeholders throughout the process.
He said despite challenges posed by fluctuating exchange rates and fuel costs, Aero Contractors remained steadfast in its efforts to uphold its obligations and ensure business continuity.
Business
Nigeria’s ETF correction deepens as STANBICETF30, VETGRIF30 see 50% decline in a week
Business
BOI Introduces Business Clinic
Business
Dangote signs $400 mln equipment deal with China’s XCMG to speed up refinery expansion
-
Maritime10 hours ago
Customs Declares War Against Narcotics Baron At Idiroko Border
-
City Crime6 hours ago
NCSU Hails Fubara Over 2025 New Telegraph Man Of The Year Award
-
Maritime10 hours ago
NIMASA,NAF Boost Unmanned Aerial Surveillance For Maritime Security
-
Maritime10 hours ago
Nigeria To Pilot Regional Fishing Vessels Register In Gulf Of Guinea —Oyetola
-
Maritime10 hours ago
NIWA Collaborates ICPC TO Strengthen Integrity, Revenue
-
Business10 hours agoBOI Introduces Business Clinic
-
Maritime10 hours ago
NIMASA GETS NEW MARITIME GUARD COMMANDER,ADOKI
-
Business10 hours agoDangote signs $400 mln equipment deal with China’s XCMG to speed up refinery expansion
