Aero Contractors, under the management of the Asset Management Corporation of Nigeria, AMCON has sacked about 900 workers, representing 60% of the entire work-force.
Letters of redundancy were issued to the affected staff members during the week.
A media consultant, Simon Tumba, confirmed the development in a statement issued on Thursday in Lagos.
Tumba said the workers would be paid their pension and gratuity.
Aero Contractors as at last September had about 1,500 staff members on its payroll before it suspended flights.
Tumba said the airline had been grapping with huge and unrealistic personnel cost as well as other operational challenges, worsened by lack of enough aircraft to keep all the workers meaningfully engaged.
The issuance of notification of redundancy is a business decision that will ensure Aero’s survival.
The Current situation where over a thousand people are basically not engaged due to lack of serviceable aircraft is not sustainable for the airline.
“The huge monthly salary associated with a bloated workforce will eventually kill the airline, which is not the intention of the current government”, he said.
According to Tumba, Aero Contractors currently had aircraft-to-staff ratio of 1:500, which analysts believed was perhaps the worst in the history of global airline industry.
He said, “This decision will immediately reduce the whopping operational cost, which has been stifling Aero; enable the management bring in more aircraft through savings from overheads and pay for C-checks.
It will enable Aero have a more manageable and committed workforce inline with international best practices of 50-60 personnel to one aircraft unlike what obtains in Aero at the moment.”
Tumba said Captain Ado Sanusi, the Chief Executive Officer of Aero, had also assured the staff members that they stand a chance of being recalled as soon as the airline increases the number of aircraft in its fleet in the near future.