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COMMENTARY
Pay cuts may seem right, but don't overdo it
Move could hurt confidence, both within the affected organisations and in the broader economy
In an industry directly hit by the virus outbreak, airport and food services provider SATS was the first to take such measures in February, with a 10 per cent pay cut for management, alongside offering voluntary early retirement and no-pay leave for general employees.
PHOTO: ST FILE
IN the name of solidarity - and saving costs - amid the Covid-19 outbreak, several Temasek-linked companies have announced wage freezes and bonus cuts for senior management.
Yet is there a risk that this could hurt confidence, both within the affected organisations and in the broader...
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