the country has taken a toll on the shipping industry with terminal operators
being forced to reduce their staff strength.
APM Terminals Apapa, Wednesday said it plans to sack some workers following the
fall in cargo traffic at the port.
falling from $114 per barrel in the summer of 2014 to less than $50 a barrel in
October 2015, the company noted that this has in turn taken a toll on the
Nigerian economy and impacted on staffing requirements at APM Terminals .
Communication & Sustainability of the company, Mr Austine Fischer in a
statement said that fall in cargo traffic has forced APMT to reduce staff.
Resources Ms. Bunmi Pratt, saying, “with cargo volumes down 30% compared with a
year ago, and even after extensive cost-cutting measures taken throughout the
terminal, we are unfortunately being forced to reduce our staffing in view of
the business realities of the current economic environment”,
employment at APM Terminals Apapa, has risen during the past 10 years from 467
to approximately 1000 in 2015.
with oil and related petroleum products representing more than 90% of total
exports, or approximately USD $90 billion in 2014, and the lion’s share of
government revenue, has seen austerity measures permeate the national and local
economy. A sharp drop in demand for consumer goods has been particularly
acutely felt at APM Terminals Apapa, which handles over half of all Nigerian
working closely with the Maritime Workers Union of Nigeria (MWUN) “during this
period of the transition”, adding that respect and compassion for employees
have remained the foundation of its business.
terminal operators have either sacked their workers or planning to do so due to
the fall in cargo traffic in the past few months.