Car­rier to axe third of staff

The Star Early Edition - - INTERNATIONAL -

AIR ZIM­BABWE is firing more than a third of its work­force to pre­vent the state-owned air­line from go­ing bank­rupt. The air­line has debts of about $330 mil­lion (R4.45bn), Trans­port Min­is­ter Jo­ram Gumbo said last month. The car­rier was also banned from op­er­at­ing in the EU in May over safety con­cerns even though it doesn’t fly there. As many as 200 jobs will be cut, a per­son fa­mil­iar with the sit­u­a­tion said. “In light of the huge fi­nan­cial chal­lenges which the com­pany is faced with, a de­ci­sion to re­trench em­ploy­ees with im­me­di­ate ef­fect has been made,” the air­line said in a let­ter to af­fected em­ploy­ees. The job cuts are nec­es­sary to “con­tain op­er­a­tional costs and save the air­line’s vi­a­bil­ity as a go­ing concern.” Those laid off will be paid for three months and get two weeks pay for ev­ery year worked. – Bloomberg

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