Transcorp Hotels Plc, a major player in the nation’s hospitality industry, says it has lost huge, unprecedented revenue following the COVID-19 pandemic.
Consequently, salaries of all Executives of Transcorp Hilton Abuja have been cut.
According to her, despite the losses incurred the hotel was able to fulfill its obligations to staff.
” Despite undertaking these, it has become apparent that more fundamental changes need to be made for the business to survive. To this end, our workforce headcount will be reduced by at least 40%, and our reward system will be optimized,” she explained.