Genting Singapore's senior management and managerial staff take 9-18% pay cut amid Covid-19

Singapore

GENTING Singapore on Tuesday announced that it has cut the salaries of senior management and managerial staff by 9 to 18 per cent as part of cost control measures amid the Covid-19 pandemic.

Executive directors will take a 18 per cent cut in their base salary, while non-executive directors' fees will be reduced by 15 per cent for the first quarter of 2020, said the group in a profit guidance note.