Local Directors Bosco Guterres and Abessy Bento announced that Air Timor will provide micro loans and a superannuation (retirement scheme) to all Timorese employees.
At the August 2012 board meeting, Directors approved the establishment of a Staff Loan Scheme to assist Timorese Staff in the area of Transportation , Medical and Education expenses.
Director Abessy Bento said “Staff will be able to borrow up to $1000 at a small interest rate to improve their living conditions” . He said that many of our young staff needed to purchase motor bikes for their transportation or to pay educational expenses that are sometimes beyond their monthly salaries.
Mr Guterres said “the superannuation scheme is being established to ensure our employees have a retirement benefit in the future “. Air Timor proposes to put aside an amount of 10 % of all employees annual salaries into a special retirement fund which will provide a lump sum payment to the employee when they retire. The company will fund this sum. Mr Guterres said “Employee contributions are optional at the discretion of the employee . If they wish to increase their retirement amount they have the option to make a contribution”.
“Air Timor already provides similar conditions for staff in Singapore and Australia and it was important that our Timorese staff obtain the same benefits” Mr Guterres said.
“In 2012 we have been concentrating on training our staff and all Timorese staff are being sent overseas to Singapore Australia and Malaysia for aviation training”. “The airline is also utilising East Timor Development Authority for Computer Training and for English lessons”. Mr Guterres said.
Mr Guterres stated that “To bring our staff up to International Standards all staff are undertaking English courses twice a week to improve their spoken and written English which is essential in the Aviation Industry”.
For Further Information please contact Director Bosco Guterres + 670 77369000 or Abessy Bento on +670 7796 8500
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