Finance

Jobs cutting process initiated at Cameroon Airlines Corporation

Friday, 23 October 2015 08:41

In October this year, the executive board of Cameroon Airlines Corporation (Camair Co) met twice. During the meeting on 15 October, the board recommended the Director General of this company which is currently facing significant financial challenges, a plan for cutting of jobs at a massive scale.

In fact, Camair Co with its fleet of three airplanes has around 800 employees, internal sources reveal. According to experts however, only 70 people should work on a plane, which means that Camair Co should currently have no more than 210 employees.

The decision by the company’s management coincides with the ongoing process “to recruit a consultant to audit and accompany Camair Co through the elaboration of a plan for its restructuring and revival”. As a matter of facts, a call of interest was launched to this effect in September by Ministry of Finance.

It should be reminded that since it went online in 2011, the state-owned airline company never really took off in terms of competition and profitability. Camair Co’s Director General, Jean Paul Nana Sandjo (the fourth since the company’s commissioning 4 years ago) said that the company, which never had a fleet of more than three planes, was presently buried under a pile of debts estimated to 30 billion FCFA.

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