SIA pilots taking deeper pay cuts to avert layoffs
Pilots to also see loss in productivity allowance - linked to flying - which is about 40% of overall salary package
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Airlines' (SIA) local pilots will take additional pay cuts to stave off lay-offs as the carrier restructures to rightsize its operations.
However, it is understood 59 pilots on employment passes (EPs) were informed on Monday that they would be let go. Also being let go are the cadet pilots.
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
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus