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NAHCo restructures, sacks 300

Posted by By UCHE USIM on 2008/04/16 | Views: 583 |

NAHCo restructures, sacks 300


For better performance and general customer satisfaction, the Nigerian Aviation Handling Company Plc (NAHCo) has embarked on major changes in its human capital deployment strategy in order to render efficient services to its client airlines and ensure significant capital appreciation for its over 80, 000 shareholders.

For better performance and general customer satisfaction, the Nigerian Aviation Handling Company Plc (NAHCo) has embarked on major changes in its human capital deployment strategy in order to render efficient services to its client airlines and ensure significant capital appreciation for its over 80, 000 shareholders.

According to the spokesman of the company, Ademola Akinbola, the restructuring exercise, which will erase about 300 jobs, was carried out over the weekend as part of the company's corporate rejuvenation programme.

"The manpower re-structuring exercise is a phase in the process of NAHCo's corporate re-positioning which commenced with its privatisation in 2005 and the unfolding of a three-year (2007-2009) strategic business plan in 2006.

Highlights of the Business Plan include a review of operational processes, new equipment acquisition, staff re-orientation, human capital alignment, re-branding, and business expansion. Two consultancy firms - PricewaterhouseCoopers and Astra Aviation - worked with NAHCo on this project. Already, NAHCo has spent over US$7million on the purchase of brand new equipment in the last one year in addition to the opening of new stations to meet the increasing number and needs of customers," he said.

Akinbola stated that the workers that are affected by the restructuring exercise are in two categories viz "those who took advantage of the company's call for Voluntary Early Retirement (VER) and those whose services are no longer required for various reasons, such as declining productivity, old age, poor health, and poor disciplinary records."
NAHCo management, he maintained, has assured its stakeholders that the restructuring exercise would in no way affect service delivery.

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