Singtel, SATS, SingPost, ST Engineering lift salary freezes, restore pay as economy recovers
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SEVERAL large Temasek-linked employers have unwound salary freezes or cuts that were implemented last year as Singapore battled the spread of Covid-19 and companies attempted to rein in costs without letting workers go.
This comes as market sentiment has improved and companies are reporting increased profits.
In response to queries from The Business Times, a SATS S58 spokesperson said the company had on April 1 this year unwound pay cuts it had implemented on Feb 19, 2020. The company added that it would continue to manage costs prudently by "balancing profitability with the long-term sustainability of the business".
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