MEDVIEWAIR Notifies on Disengagement of Staff

Proshare

Tuesday, October 16, 2018 14:12PM / NSE

 

This is to formally notify shareholders and other stakeholders of Med-View Airline Plc (the Company), on the reports that are being circulated in the media and to allay the fears of the general public and shareholders on the insinuations that the Company is going through economic crunch.

In accordance with the provisions of Rule 17.10: Dealing with Rumour, Rulebook of the Exchange, 2015 (lssuers’ Rule), Med-View Airline states that going by the realities of the prevailing economic situation, Med-View Airline PIc is currently restructuring in order to fully maximize its operation and prepare adequately for the challenges ahead. The Management is working assiduously to ensure that two (2) of its aircrafts that are undergoing C-Check will be added to its fleet in the next one month to boost its operations.

In the course of this exercise, some staff, about sixty (60) in number, were required to step aside as a result of downsizing with a genuine intention to recall them back as soon as situation improves as stated in the letter to the affected staff.

The decision by management on this exercise though tough is predicated on the need to achieve the best result with a minimum but adequate work force. All the Staff affected have been adequately communicated.

Thank you.

 

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