SIA cuts senior management pay by 10-15%; staff offered voluntary no-pay leave

Singapore

WITH the Covid-19 outbreak hobbling travel demand, Singapore Airlines (SIA) will be cutting salaries of senior management by 10 to 15 per cent starting March 1, and offering a voluntary no-pay leave scheme to employees.

Chief executive Goh Choon Phong will lead the way with a 15 per cent cut, while the SIA board of directors will take a 15 per cent reduction in fees, The Business Times understands.