Connect with us

Markets

NAHCO Promotes Over 800 Workers

Published

on

Nahco
  • NAHCO Promotes Over 800 Workers

No fewer than 846 workers of the 2,000 Nigerian Aviation Handling Company (NAHCO) Plc. workforce have been promoted.

The exercise, according to its spokesman, Tayo Ajakaye, was unprecedented in the sector as it represented more than 45 per cent of the company’s workforce.

The step by the ground handling company, Ajakaye said, was approved by the board of directors last week as part of its staff improvement programme.

The promotion, Ajakaye said, came against the backdrop of an economy that is still in technical recession to demonstrate the value the firm places on its staff.

In a statement to announce the promotion, the outgoing Acting Managing Director/Chief Executive Officer, Mrs. Folashade Ode, said the exercise was based on well – defined criteria that ensured fairness and transparency

She restated the company’s resolve to keep a happy and well–motivated workforce.

The statement read: “A more transparent, performance driven reward and compensation system will be put in place to improve our overall service quality with positive impact on our revenue and profitability.”

She urged all staff to reciprocate the Board’s kind gesture by rededicating themselves to their duties to further enhance NAHCO’s progress.

The promotion exercise came about two years after the company promoted 390 of its staff. It was carried out in September 2015 and was widely applauded by the aviation unions and other stakeholders, who urged other operators in the industry to emulate NAHCO’s commendable welfare policies.

Only in July this year, the company effected salary increment with some members of staff getting as much as 15 per cent increase in their salaries.

In a related development, NAHCO has announced the appointment of Mr. Yakubu Idris as the new Managing Director and Chief Executive Officer.

Yakubu will take over from Mrs. Folashade Ode, who was appointed in an acting capacity following the exit of Mr. Norbert Bielderman on August 31, 2017.

Yakubu joined NAHCO with a vast wealth of experience, spanning 28 years in financial management, leadership, strategy, business development, organisational change and business renewal.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Sign up for our  Daily newsletter

We’ll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and reporting from Entrepreneur, To share your newsletter use this email: entrepreneuredition@gmail.com

Advertisement
Advertisement
Advertisement