Yaoundé - 28 May 2022 -

Camair-Co places 371 employees under 3-month technical unemployment due to “financial constraints” and fleet unavailability

Camair-Co places 371 employees under 3-month technical unemployment due to “financial constraints” and fleet unavailability
  • Comments   -   Monday, 22 June 2020 14:08

(Business in Cameroon) - The current Covid-19 health crisis is not helping Camair-Co, which is already cash strapped. In a recent correspondence addressed to the Minister of Finance, its General Manager, Louis Georges Njipendi Kuotu, reveals that "the total resumption of operations is not envisaged before three months, given the financial constraints, and also the unavailability of fleet."

Indeed, currently,  Camair-Co does not have any operational aircraft. Its two MA60s (deployed on the domestic market) require maintenance while the lessor of its single Bombardier Dash 8 (Abu Dhabi Aviation) unilaterally terminated the leasing contract to claim millions of unpaid fees. In addition, its two Boeing 737-700s (grounded since February 2019) are desperately waiting to be ferried for maintenance.

Due to this difficult context (zero turnover), the company has placed 371 of its employees under technical unemployment for 3 months (renewable if necessary), starting from today June 22, 2020. According to the company's management, this measure "aims, in particular, to limit the unnecessary increase in salary debt, reduce the risks of staff contagion and control operating expenses."

During a simulation carried out last April, Louis Georges Njipendi Kuotu had indicated that the total cost of technical unemployment, subject to taking into account salary variables, is CFAF 1.479 billion. This cost is divided between the wages of the 206 people who will remain at work and the wages of the 371 who will be placed under technical unemployment.

Let’s note that the company’s employees are owed wage arrears since March 2020.

Romuald Ngueyap

The international air traffic in Cameroon fell by 62.04% from 868,788 to 357,564 passengers between 2019 and 2020. Domestic traffic also followed the same...
Emile Parfait Simb, the promoter of Global Investment Trading (better known as Liyeplimal), which specializes in cryptocurrency investments, was arrested...
The Cameroonian government announced, via its Ministry of public work, (Mintp) that it has finally completed the fundraising for the construction of 14...
The British consulting firm Euro Petroleum Consultants (EPC), which specializes in petroleum and petrochemical projects, has just signed a "Project...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »