SINGAPORE - Transport giant ComfortDelGro has joined a growing list of companies which are cutting fees and salaries at the top in the light of the ongoing Covid-19 pandemic which has affected business on all fronts.
Senior management will do likewise, starting with group chief executive Yang Ban Seng, who will take a 15 per cent pay cut while those ranked vice-president and above will see a 10 per cent salary reduction.Group chairman Lim Jit Poh described the move as"necessary". He said:"These are extraordinarily difficult times. Our taxi drivers, who are our key partners, are already reeling from the dramatic fall in demand - not just in Singapore but in all the locations we operate in.
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