Aero Contractors an Airline, which is under the management of the Asset Management Corporation of Nigeria (AMCON), has sacked over 50 per cent of its workers within the week.
Letters of redundancy were issued to the affected employees during the week.
“Those in Maintenance Repair and Overhaul, and other essential staff in critical departments will not be affected.
“Affected workers will be able to access their full gratuity as well as a part of their pension to cushion the effect of the development” said the media consultant of the airline, Mr Simon Tumba.
The cut is due to huge and unrealistic personnel cost as well as other operational challenges.