CapitaLand, SMRT join wage-saving moves
Add BT as a preferred sourceSingapore
JUST days after Singapore state investment firm Temasek announced a wage freeze and voluntary senior management pay cut, property giant CapitaLand and SMRT Corp said they are also slashing wages in the face of the Covid-19 fallout.
Several other Temasek-linked companies that have not rolled out such cost-cutting wage measures are also monitoring the situation.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Family office for US$12 billion Tetra Pak Fortune exits Hong Kong
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Deloitte’s Lee Boon Teck succeeds Teo Ser Luck as president of Singapore’s national accounting body
