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CapitaLand, SMRT join wage-saving moves
Published Wed, Feb 26, 2020 · 09:50 PM
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Singapore
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.
In its announcement on Wednesday, CapitaLand said it is freezing wages for all managerial sta…
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