The management of Aviation College ilorin, has on Monday ask all staffs of the organization to proceed on a leave without salary payment
According to the press statement issued by the management of the organization, the leave will commence from 1st May 2020.
The statement reads, ''I am confident that you have been keenly following the unfolding global health and economic crises triggered by the COVID-19 pandemic. A few months ago, it would have been impossible to predict such turbulent and challenging circumstances.
To date, the situation created by the COVID-19 pandemic remains dire with a high level of uncertainty, even within medical circles regarding the containment of the pandemic. Although daily updates from a few countries seem to be encouraging,
our situation in Nigeria appears to be getting worse. With the current observed trend of events, it is prudent to lean on the assumption that the situation is likely to persist for a while longer.
Of huge significance to us is that we have suffered a sharp decline of 100% in our revenue streams since the closure of our college, it is evident that we must, without further delay take decisive action to preserve our institution.
Our focus as management has always been hinged on the well-being and safety of our staff, managing our liquidity as an institution and creating the opportunity to ride out of inclement circumstances such as the one we are faced with today.
Pursuant to this, recently we reached out to the state government, specifically to negotiate bail out funds; to pay for staff salary and other mandatory operational expenses. We are awaiting a response from the Government.
Notwithstanding, some of the measures taken so far have contributed to conserving our limited resources. The outlook for the near future is not encouraging and our current level of funds simply cannot support our operations for much longer.
For this reason, to safeguard the survival of our organization, we are constrained to introduce additional measures; to curtail our costs, as dictated by the turn of events to run our online lectures. Our dedicated staff who we really appreciate have made a huge sacrifice to ensure the success of this project which the students, parents and sponsors have been really impressed. With this, they have requested for continuation of this successful virtual online lectures.
After careful deliberation and analysis, management and Governing Council has decided to implement between 10-42% pay cut for all members of staff across the entire organization for the month of April 2020 with the exception of staff on or below N80,000.00 per month.
Furthermore, commencing from 1st May 2020, all staff shall proceed on unpaid leave with the exception of the few required to keep the online lectures going. This position will be reviewed on a monthly basis and communications on further developments will be communicated as the situation evolves.
While we are aware of the challenges that each and every one of us may face during this difficult period, we join you in remaining hopeful that this ugly situation will abate in the shortest possible time and our organization will come out stronger in the long run. We are confident that these steps we are about to take will be in the best interest of all and will see us through this difficult epoch in the history of mankind.
Thank you for the dedication you have displayed in the course of your duties at IAC and your understanding of the current situation that we are saddled with today.
May I remind you to continue to stay safe and wish you and your families well over the coming days and weeks of Ramadan Mubarak.
May God be with us all.''
Engr. Benedict Adeyileka
Rector/Chief Executive Officer
International Aviation College
Ilorin
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