Kenya Airways plans to sack half of its pilots as it seeks to cut costs to beat its cash crunch brought about by the Covid-19 pandemic.
The national airline is seeking to trim up to 207 of its 414 pilot careers, within the next three years. This number accounts for close to almost half of its payroll expenses.
It projects to save close to Sh3.24 billion if it is to slash the 207 jobs.
Thus far the airline has sacked 650 staff, most of whom are intern pilots, cabin crew interns, technician interns and recently hired employees on probation, and hopes to cut 590 more jobs.
KQ notes that pilots take up 10 percent of the airline’s total staff, but get an income equal to 45 per cent of the total pay out to employees or Sh6.48 billion according to the carrier’s wage bill for a year.
According to the chief executive Allan Kiwanuka the job cuts are informed by the airlines revenue projections.
“Based on our three-year projection, we will require 50 percent to 60 percent of pilots to efficiently support the reduced operations,” noted Mr Kiwanuka.
“Our target is to shrink the firm’s overall total fixe costs, not just staff costs, by about 50 percent in response to our revenue projections.”