SINGAPORE Airlines (SIA) has implemented more measures to slash costs, including bigger pay cuts for the bosses, a 10 per cent salary reduction for other employees, and early retirement for pilots and ground staff, The Business Times understands. SIA, Alpa-S agree on 10% pilot pay cut, change to compulsory no pay leave scheme SINGAPORE Airlines (SIA) and the Air Line Pilots Association - Singapore (Alpa-S) have inked a memorandum of agreement (MOA) which will see pilots taking a 10 per cent cut in their basic salary and an adjustment to their compulsory no pay leave (CNPL) scheme. An SIA spokesperson confirmed that an agreement had been reached. SIA CEO got $5.5 million in total last FY. There are a few variations to this pay cut. CEO gets 35% pay cut. According to a staff circular seen by ST , SIA Chief Executive Goh Choon Phong will take a 30% pay cut from 1 April, instead of the previously announced 15%. Nisha Ramchandani nishar@sph.com.sg @Nisha_BT. The pay cuts will be reviewed and adjusted if flying hours increase, the pilots were told. Read more: The Business Times » SIA pilots agree to deeper pay cuts amid Covid-19 to save jobs They have agreed to take deeper pay cuts of up to 50%, on top of a 10% cut in the monthly variable component of their salaries.. Talks between Singapore Airlines (SIA) and the Air Line Pilots¡¦ Association Singapore (ALPA-S) finished yesterday with no resolution to a dispute over proposed wage cuts and mandatory no-pay leave. Move comes after carrier cancelled thousands of flights amid Covid-19 outbreak . SIA cuts senior management pay by 10-15%; staff offered voluntary no-pay leave. Pay cut of about 50%. Under the latest measures, CEO Goh Choon Phong and the board of directors will all take a pay cut of 30 percent beginning in April, while other management staff will take cuts from 10 to 25 percent. Earlier, in February, SIA had announced that its board of directors and all senior management staff were taking pay cuts ranging from five to 15 percent beginning this month. The pay cuts will be reviewed and adjusted if flying hours increase, the pilots were told. Singapore -- In response to news that Singapore Airlines (SIA) pilots had agreed to deeper pay cuts amid the Covid-19 pandemic to save jobs, members of the publ Captains will see their salaries cut by 25 to 28.5 per cent, while first officers will receive a pay cut of 15 to 18.5 per cent depending on their wage. SIA Engineering Company management to take deeper pay cuts to mitigate Covid-19 impact In view of the massive flight cuts by airline customers and the increasingly difficult business environment, SIA Engineering Company Limited (SIAEC) is stepping up its measures to mitigate the severe impact. SIA pilots agree on up to 60% pay cut to save jobs amid Covid-19SINGAPORE — Singapore Airlines (SIA) pilots will be taking pay cuts ranging from 10 to 60 per cent, after the union representing them agreed with their employers on a deal that could save about 400 jobs. SIA pilots agree to deeper pay cuts amid Covid-19[SINGAPORE] Singapore Airlines (SIA) pilots have agreed to take deeper pay cuts of up to 50 per cent so that more of them can stay employed.Read more at The Business Times. An SIA spokesman confirmed that an agreement has been reached. Managers and above have taken pay cuts ranging between 12-35 percent, while the CEO has taken the largest cut of 35 percent. Sat, Feb 29, 2020 - 5:50 AM. Singapore Airlines (SIA) is cutting pay for employees, managers and bosses, a memo by chief executive officer (CEO) Goh Choon Phong to staff said, according to Business Times. Singapore Airlines (SIA) pilots have agreed to take deeper pay cuts of up to 50 per cent so that more of them can stay employed. Those who opt for this can be assured that the jobs will be there upon their return. Singapore Airlines | KrisFlyer - SIA, pilots' union at loggerheads over wage cuts - For my friend, Singapore_Air - enjoy! Meanwhile, it was announced last month that SIA Chief Executive Officer Goh Choon Phong said he would took a 15 per cent pay cut starting 1 March this month (‘SIA CEO announces 15% pay cut for himself; he earns $1.4m in … A voluntary no-pay leave scheme has also been offered to all staff up to the divisional vice-president level, the spokesperson added. SIA is continuing to explore measures to shore up its liquidity during this unprecedented disruption to global air travel and further details will be released when such measures have been firmed up. SIA Engineering Company (SIAEC), a subsidiary of SIA, has also increased its management pay cuts since 1 April. SIA currently has around 2,600 pilots. On 19 September, Singapore Airlines (SIA) announced that its pilot will be taking 10 to 60 per cent pay cuts starting 1 October after the SIA and the Air Line Pilots Association – Singapore (Alpa-S) reached an agreement that the pay cuts could save about 400 jobs. The 5 per cent pay cut for senior managers and managers will be brought forward to Apr 1, and increase to 10 per cent from May 1. THE senior management of SIA Engineering Company (SIAEC) has decided to take a further 5 per cent cut to its salaries, accruing with effect from Aug 1, 2020.That means the senior vice-presidents, executive vice-president and the chief executive officer will now take 20-30 per cent pay cuts, up from the previous 15-25 per cent cuts. SIA announces pay cuts for management to reduce manpower costs amid COVID-19 outbreak February 28, 2020 SINGAPORE: With COVID-19 having a “significant impact” on air travel, Singapore Airlines has announced a pay cut for management and a voluntary no-pay leave scheme for staff below senior management level on Friday (Feb 28). Its chief executive officer will take a 25 per cent pay cut, up from 12 per cent previously, while the executive vice-president’s grows from 10 per cent to 20 per cent. With the airline industry flying into heavy turbulence, Singapore Airlines (SIA) is initiating deeper pay cuts for its management team, while introducing compulsory no pay leave (CNPL) on certain days each month for pilots, executives and associates. COVID-19: SIA cuts pay for management staff; offers voluntary no-pay leave plan. He said: "As per today's agreement, the company will implement additional pay cuts for all remaining pilots in Singapore Airlines and SilkAir with effect from Oct 1, 2020. Re-employed captain’s got hit the hardest, taking the biggest cut … The SIA board of directors have also taken a 15 per cent cut of their fees “to show solidarity with all management and staff”. As a result, more than 500 cabin crew members and 50 pilots are facing much shorter flight hours. Singapore Airlines (SIA) pilots have agreed to take deeper pay cuts of up to 50 per cent so that more of them can stay employed. SINGAPORE Airlines (SIA) and the Air Line Pilots Association - Singapore (Alpa-S) have inked a memorandum of agreement (MOA) which will see pilots taking a 10 per cent cut in their basic salary and an adjustment to their compulsory no pay leave (CNPL) scheme. In the note seen by ST, he said SIA management will take a second round of pay cuts. SIA considering no-pay leave for staff after more flights are cut According to ST, SIA is currently experiencing an excess manpower situation after cancelling over 3,000 flights between Feb to May. Pay Cut Per Person. President, political office holders to take 1 month pay cut: DPM Heng SMRT, SATS join other Singapore companies in cutting pay amid COVID-19 outbreak. Cuts on senior vice presidents, executive vice president and the CEO rose to 20%- 30%. This is on top of a 10 per cent cut in the monthly variable component (MVC) of their salaries, The Straits Times has learnt. With the new agreement reached between SIA and the Air Line Pilots Association Singapore (Alpa-S), re-employed captains and first officers will see their salaries cut by 60 per cent and 50 per cent respectively, starting Oct 1. SingaporeAir Deeper cuts better than jobless maybe! 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