BUSINESS MAVERICK: Retrenchments start in SA’s aviation supply chain as Covid-19 lockdown bites

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

BidAir Services, which employs about 5,000 people across its airport and travel services divisions, has begun steps to retrench more than half of its workforce. It joins a growing list of high-profile aviation companies that are cutting jobs during the Covid-19 pandemic, which brought travel to a virtual standstill.

A subsidiary of Bidvest Group that provides services at SA’s major airports – including operating airport lounges, cargo handling, and passenger chauffeuring – plans to lay off thousands of workers after a large drop in business during the Covid-19 pandemic.

Arguably, SA’s aviation industry will emerge as the biggest casualty of Covid-19 because the industry hasn’t enjoyed relief measures from the government – unlike governments in the US and EU that have launched fiscal bazookas to support struggling airlines through bailouts. “It is unfortunate that our organisation, which is dependent solely on the aviation industry, has been particularly badly affected by the [Covid-19] situation. The Covid-19 situation also hit us on the back of a flailing economy,” BidAir said in its letter to workers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DR DELAN +27631765353 is a gifted spiritual healer and spells caster who may sort your issues and problems. 'I Cast spells'. With the help my spiritual powers, my spell casting is done in a unique way to help in your problems. If you have been disappointed by other spell casters

Eish the ripple effect of job losses

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines