SINGAPORE - Just two days after state investment firm Temasek announced a pay freeze on the back of the coronavirus outbreak, transport operator SMRT Corp has followed with a similar notice to staff.
In a note sent out to employees on Wednesday (Feb 26) afternoon, SMRT, fully owned by Temasek, said: "In light of the challenging situation arising from the Covid-19 outbreak, SMRT is implementing a salary reduction of up to 5 per cent and a 0.5-month reduction in bonus for its management staff this year.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you