SINGAPORE - The management of SIA Engineering Company is taking deeper pay cuts than previously announced, while its directors have also volunteered a larger reduction in fees as the global coronavirus pandemic continues to ground flights.
For senior VPs, their 8 per cent pay cut has been brought forward to April 1, from April 15 initially. This will later increase to a 15 per cent reduction starting May 1. Meanwhile, the SIAEC board has volunteered to slash their fees further, compared with the 12 per cent reduction announced last month. The directors are now taking a 25 per cent cut to their fees accruing with effect from April 1.
It's a sad sight to see so so many of SQ & SCOOT planes parked or laid up at Changi! Never seen such scene before! Heartbreaking SingaporeAir
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