SIA CEO receives $4.2m in remuneration despite company losing $212m in last FY – The Online Citizen…

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https://www.onlinecitizenasia.com/2020/10/27/sia-ceo-receives-4-2m-in-remuneration-despite-company-losing-212m-in-last-fy/

SIA CEO receives $4.2m in remuneration despite company losing $212m in last FY

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CNA

10 Sep 2020 07:05PM(Updated: 10 Sep 2020 11:11PM)

Singapore Airlines Group to cut about 4,300 positions as COVID-19 batters aviation industry

The number of employees affected, however, may be reduced to about 2,400, after factoring in measures like a hiring freeze and voluntary departure schemes.

SINGAPORE: Singapore Airlines (SIA) Group announced on Thursday (Sep 10) that it will cut around 4,300 positions across its three airlines as the aviation industry continues to be hit by the impact of COVID-19. 

However, the number of employees affected may be reduced to about 2,400 -“mitigated” by measures like the recruitment freeze implemented in March, the early retirement scheme for ground staff and pilots, as well as a voluntary release scheme for cabin crew, it said.

“Collectively, these measures have allowed the Group to eliminate some 1,900 positions,” said SIA.

“As a result, the potential job cuts across the Group may be reduced to around 2,400 in Singapore and across SIA’s overseas stations,” it added.

“Discussions have begun with our Singapore-based unions. The Group will work closely with them to finalise the arrangements as soon as possible for those affected, and try to minimise the stress and anxiety on our people.”

READ: Singapore Airlines to reduce flight capacity by 50

https://www.channelnewsasia.com/news/singapore/singapore-airlines-group-cuts-jobs-retrenchment-covid-19-13098824?cid=h3_referral_inarticlelinks_24082018_cna

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