The management of Arik Air announced the retrenchment of 300 members of staff of their appointments.
The airline announced this in a statement on Friday, stating that was due to the adverse effect of COVID-19 pandemic.
The press statement was titled, “Arik Air management declares 300 staff redundant”.
The company explained that a redundancy package would be provided for the affected workers with the help of the aviation unions.
The statement read in part, “Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In Receivership) has declared 300 staff members redundant to its current level of operations.
“The leadership of the impacted unions has been contacted to negotiate a redundancy package for the affected staff.”
Arik Air added that over 50 percent of its workforce of over 1,600 staff have been on furlough in the past six months.