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Sembcorp CEOs and senior executives take voluntary pay cut

Ann Williams
Published Thu, Mar 29, 2018 · 09:50 PM

Singapore

THE senior management of Sembcorp Marine and Sembcorp Industries took voluntary pay cuts of between 10 and 15 per cent in 2017, annual reports showed on Thursday.

In the annual report, the chairman and CEO of Sembcorp Marine noted that wage cuts and wage freezes remain in place as measures to manage costs.

To boost productivity, the company this year will focus on re-skilling and up-skilling its workforce.

In 2017, Sembcorp Mar…

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