BUSINESS AND ECONOMY

FAAN cuts staff salaries

Babalola Seyi

The Federal Airports Authority of Nigeria on Tuesday said it might not be able to pay full staff salaries as from May 2020 until there was an improvement in the current economic crisis caused by the COVID- 19 pandemic .

It, however , noted that as soon as the authority’ s revenue situation improved , the balance would be paid.

FAAN disclosed this in an internal memo with reference FAAN /HQ /ADMIN /2020 / 05 , dated May 19 , 2020 and signed by the authority’ s General Manager , Administration, M . D . Musa .

The memo, which was titled, ‘ Notice on payment of staff salary , ’ was addressed to all employees of the firm , as it stressed that the measure was to ensure the survival of the organisation .

The memo was copied to the managing director of FAAN, all its directors , general managers , regional general managers , assistant managers and all notice boards .

The memo read in part , “ This is to notify all staff that due to the dwindling revenue generation amidst COVID- 19 pandemic , management may not be able to pay full salary to staff as from May 2020 .

“ However , as soon as the revenue situation improves , the balance will be paid. ”

Meanwhile , unconfirmed reports stated that the Nigerian Airspace Management Agency met key unions in the sector on Tuesday with a view to convince them on the need for NAMA to cut workers ’ salaries in May 2020 .

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