Friday , 7 October 2022

Tag Archives: ART scribe rules out monetary bailout for airlines; says direct intervention for staff salaries needed

Ojikutu kicks against monetary bailout for airlines, says direct intervention for staff salaries needed

“The only Government Direct Financial Intervention may be necessary as Palliatives for the airlines staff Salaries only for three (3) months or the period the lock down lasted but this must be recoverable within 12 months or by June 2021. The Financial Palliative should be used to pay only 70% of the Staff Salaries. Those staff must be confirmed to have been registered with the National Pension Board and their pension contributions are up to date. The balance of 30% in their salaries not added should account for the period they did not pay for transport to go to work.

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