MEA to lay off a quarter of workforce

Published May 7th, 2001 - 02:00 GMT

Lebanon's Middle East Airlines will be laying off one-quarter of its workforce, one third of which will be worked out by a series of forced redundancies of workers 60 and over. 

 

The move, which will affect about 1,200 workers, is part of a restructuring program for the financially strapped airline that was ordered by the Lebanese government. 

 

According to Mohammed Al-Hout, the airline’s chairman, 450 employees will leave through the redundancy program, and 250 workers will be offered early retirement.  

 

MEA, which reportedly has been losing about $50 million a year, is supposed to be headed for privatization. Prime Minister Rafiq Hariri is reportedly reluctant to use state funds to prop up the company, which has eaten up more than $499 million in state funds since 1996. — (Albawaba-MEBG)

© 2001 Mena Report (www.menareport.com)


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