Medview Airline Plc in a return statement edges up hope of laid off staff while saying the staff will only be gone temporarily and would be recalled. Mr Isiaq Na-Allah, Executive Director, Business Development Med-View Airline Plc, engaging journalists today in Lagos, disclosed that the company is undergoing restructuring.
“Going by the realities of the prevailing economic situation, Med-View Airline is currently restructuring in order to fully maximise its operation and prepare adequately for the challenges ahead.”
Med-view in the past 6 months had been unable to pay employees, earlier this week, it reportedly served 60 employees abrupt letter of disengagement. The major reason for this controversial move was pegged at financial inadequacies.
Although the airline operator signed off the letter of termination on a positive note, it can be interpreted as an old trick lacking sustainability.
You would be reconsidered for employment when the situation improves
Med-view Airline has been struggling
Although Med-view’s reported financial statement for the year ended 2017 saw the company profit after tax increased from ₦772 million in 2016 to ₦1.2 billion in 2017. It has had it rough.
Med-view Airline Plc became a media toast in the third quarter of the year with news that it was swimming in huge debt. Several media also noted that the company was incapable of paying salaries and had been dropping off employees mutedly. Alhaji Muneer Bankole, Medview’s CEO attested to the allegation of downsizing.
In addition, Medview had earlier this year suspended international flight operation. Flights to London, Jeddah which it started ambitiously had to be shut down prematurely due to financial constraints and inadequate equipment.
It has also been delaying flights on routes which it still operates and in some cases schedule no flight at all. The latest downsizing attempt calls for raised brows.
About Med-View Airline Plc
Med-View Airline Plc was incorporated on August 11, 2004, as a Private Limited Liability Company and by a special resolution, became a Public Liability Company on December 18, 2015. The company was listed on the floor of the Nigerian Stock Exchange (NSE) on January 31st, 2017.