SMRT to cut pay, bonus as coronavirus crisis continues
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.. Read more at straitstimes.com.
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.
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Meanwhile, the guys at the top are still raking millions. Dont cut pay , then later fare hike again That’s fast reaction... hopefully the cut goes to the top, but the bottom 🤔 hope to cut fee Cut fare
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