Mama,
That makes depressing reading, but not entirely unexpected. Ironic that CHC have been spared the 225 debacle by Chapter 11 ?
I'm no economist but from a layman's point of view, Nigeria appears to have all the symptoms of a full blown recession. Add to that the global oil price situation, internal security strife and the Saudi determination to commit Hari Kiri just to mess up their neighbours and I don't see any improvement in the short term.
More redundancies are inevitable; market forces sadly.
NEO