Qatar Airways to lay off pilots, cut wages

Qatar Airways to lay off pilots, cut wages
Qatar Airways pilots will now be included in previously announced job cuts. (AFP/File photo)
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Updated 15 June 2020

Qatar Airways to lay off pilots, cut wages

Qatar Airways to lay off pilots, cut wages
  • Qatar Airways pilots will now be included in previously announced job cuts

DUBAI: Qatar Airways will lay off some pilots and reduce the salaries of others by as much as a quarter due to the impact of the global coronavirus pandemic, according to two sources familiar with the matter.
Pilots will be included in previously announced job cuts, the sources said, while others will have their salaries reduced by 15 percent to 25 percent.
An airline spokesman declined to comment.
Bloomberg reported the layoffs and salary reduction, citing an internal letter that it said disclosed Qatari nationals were exempted from the wage cuts.
The state-owned carrier has previously deferred salary payments, with some employees receiving half their wages from April to June to be paid back later.
Qatar Airways Group, which includes the airline, Hamad International Airport and other aviation assets in Doha, previously said it would lay off close to 20 percent of its more than 40,000-member workforce.
It later said fewer could be laid off.


Wafrah approves impeachment of board, audit committee

Wafrah approves impeachment of board, audit committee
Updated 17 January 2021

Wafrah approves impeachment of board, audit committee

Wafrah approves impeachment of board, audit committee
  • The decision came during the company’s ordinary general assembly meeting (OGM) held virtually through the Tadawulaty system on Jan. 14
  • the meeting elected the board of directors for three-year term starting Jan. 14

Wafrah for Industry & Development Co. approved the impeachment of the board of directors and audit committee, as applied for by shareholders in possession of 7.14 percent of the total shares of the company, the firm said in a bourse filing today, Jan. 17.

The decision came during the company’s ordinary general assembly meeting (OGM) held virtually through the Tadawulaty system on Thursday, Jan. 14, 2021.

Additionally, the meeting elected the board of directors for three-year term starting Jan. 14, 2021. The members elected include Ayad Abdulrahman Mohammed Al-Bunyan, Mohammed Abdulrazaq Aboud Al-Baghdadi, Faisal Mohammed Abdulaziz Al-Khudairi, Mohammed Saud Abdalla Al-Samari, Faisal Abdalla Mohammed Al-Qahtani, Mohammed Yagoub Yossif Al-Mukhadab, and Mohammed Hindi Shujaa Al-Otaibi.

In July 2020, Wafrah said it received a letter from shareholders, owning around 7.14 percent of capital, requesting to take regulatory measures with regards to the dismissal of the current board of directors and the appointment of a new one, Argaam reported.

The company had also received a letter from shareholders, owning around 7.14 percent of the company’s capital, requesting dismissal of the current audit committee and its restructuring.