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Ailing Singapore Airlines cuts wages for most staff
Singapore, July 03: Singapore Airlines (SIA) announced wage of cuts of up to 11 per cent for most of its staff on Thursday, less than four days after slashing the salaries of its pilots.
Singapore, July 03: Singapore Airlines (SIA) announced wage of cuts of up to 11 per cent for most of its staff on Thursday, less than four days after slashing the salaries of its pilots.
But in a similar deal to the one struck with the pilots' union on Monday, the employees' salaries will be restored if the struggling company returns to profit.
SIA, which has recorded historic losses during April and May because of the Severe Acute Respiratory Syndrome (SARS) crisis, said the three affected unions had agreed to the cuts, which would be backdated to the start of July. Under the agreement, SIA will cut the salaries of administrative staff by 11 per cent.
General staff earning more than 856 US dollars a month will have their salaries slashed by 7.5 per cent while those earning less than 1,500 dollars will lose five per cent of their salaries. An SIA spokeswoman said today's cuts would apply to most of the company's 30,000 staff, excluding the engineers, who have yet to reach an agreement, and the pilots.
The three unions that agreed to the deal were the Airline Executives Staff Union (AESU), Singapore Airlines Staff Union and Sats Workers' Union.
Like the arrangement for the pilots, today's wage cuts allow for lump sum payments to restore the salaries on a sliding scale that is linked to SIA's profitability. Bureau Report
SIA, which has recorded historic losses during April and May because of the Severe Acute Respiratory Syndrome (SARS) crisis, said the three affected unions had agreed to the cuts, which would be backdated to the start of July. Under the agreement, SIA will cut the salaries of administrative staff by 11 per cent.
General staff earning more than 856 US dollars a month will have their salaries slashed by 7.5 per cent while those earning less than 1,500 dollars will lose five per cent of their salaries. An SIA spokeswoman said today's cuts would apply to most of the company's 30,000 staff, excluding the engineers, who have yet to reach an agreement, and the pilots.
The three unions that agreed to the deal were the Airline Executives Staff Union (AESU), Singapore Airlines Staff Union and Sats Workers' Union.
Like the arrangement for the pilots, today's wage cuts allow for lump sum payments to restore the salaries on a sliding scale that is linked to SIA's profitability. Bureau Report