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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

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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.

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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