Government prepares solutions for airline TACV

8 November 2016

The government of Cabo Verde (Cape Verde) is expected to present concrete solutions for flagship airline TACV in the first quarter of 2017, said Monday in Praia the Minister of Economy and Employment, quoted by news agency Inforpress.

José Gonçalves confirmed there would be redundancies in the company, “which is going through difficult times and it has been kept in operation by the National Treasury through large monthly transfers,” but declined to say how many workers will be laid off.

The Minister stressed he was looking for resources to compensate people and said steps were being taken to ensure that TACV can operate in conditions of “profitability and sustainability.”

“It is better to have fewer more motivated and better framed staff, than to have excess staff that leads to a situation where the company is no longer sustainable,” said the minister, who recalled that in this particular point Cabo Verde has commitments to international partners.

Gonçalves added that these partners are already “worn out” with the restructuring of TACV, a process that has dragged on for more than 20 years, so now want a solution, especially as TACV depends on these lenders. (macauhub)