Welcome to Africanews

Please select your experience

Watch Live

Business Africa


Rwandair slashes salaries as it faces closure [Business Africa]

Business Africa

Rwandair has employed drastic measures including reduction of the salaries of employees as the company battles covid-19 crises. Up to 65% of employees salaries to be cut in an attempt to avoid layoffs. The company has also put on hold, contracts of some pilots and non-essential staff until further notice.
In a related development, Ethiopian Airlines has also employed alternative solutions to avoid bankruptcy. The company, which is facing a “serious financial crisis in terms of operations and sales” according to its CEO, has turned to charter and cargo flights services, which is expected to rake in some revenue.

View more