SIA staff to get 7.45 months of bonus for FY2025
Quantum lower than FY2024 but higher than FY2023’s
[SINGAPORE] Singapore Airlines (SIA) is said to be rewarding eligible employees with a profit-sharing bonus of 7.45 months for FY2025, marginally lower than the 7.94 months for FY2024, but higher than the 6.65 months for FY2023, The Business Times has learnt.
The annual profit-sharing compensation is based on a longstanding formula that has been agreed with staff unions, a spokesperson from the airline confirmed to BT on Thursday (May 15), adding that it is in recognition of their dedication and hard work.
The full-service carrier had 18,000 staff members on average in FY2025, up 7.6 per cent year on year.
TRENDING NOW
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hit a high
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?