sia retrenchment 2020 package

The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. Who is eligible. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. In talks with the department, retrenchment packages offered to workers were sweetened. There are also ground-up initiatives such as Facebook group Cabin Crew United, which was started to support airline crew on furlough or who lost their jobs. SIA Group said in their media release, “The Singapore Airlines (SIA) Group today announced the difficult decision to cut around 4,300 positions across its airlines. The other airline in Singapore, Jetstar Asia, has axed 180 employees in June, and most of the employees in Singapore are on no-pay leave, too. Why Ah Beng threw butter out of the window? The retrenchment exercise at SIA, one of the bigger ones by a company in Singapore this year, comes as little surprise as the airline industry battles its biggest crisis yet. By African News ... "Load factors on the airline have declined steadily from August 2019 to a low of 71 percent in January 2020. (Photo: SIA) SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. What is retrenchment? Singapore Airlines Chief Executive Officer Goh Choon Phong said: “When the battle against Covid-19 began early this year, none of us could have predicted its devastating impact on the global aviation industry. Separately, MOM has also issued an Advisory on retrenchment benefits payable to retrenched employees as a result of business difficulties due to COVID-19 on 20 May 2020. For employees who have seen pay cuts, SIA said that it has also been helping them find temporary job opportunities outside the organisation: "We have waived our exclusive service for cabin crew who wish to take up such jobs. SINGAPORE — A number of StarHub staff were left in shock, and tears, at the telco’s headquarters in Ubi this week, as they received news that they had been retrenched from their jobs. Mediacorp Pte Ltd. All rights reserved. The reference to two packages appears to have been a reference to the proposed ordinary retrenchment package and the voluntary separation package. Of those, the bulk - more than 17,000 - were from Singapore Airlines. From the outset, our priorities were to ensure our survival and save as many jobs as possible. SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. Eventually we realised this is something that’s in for the long run.”. SINGAPORE — A number of StarHub staff were left in shock, and tears, at the telco’s headquarters in Ubi this week, as they received news that they had been retrenched from their jobs. Be sure to structure your final severance package optimally in terms of income tax and also ongoing personal issues such as life cover and medical aid. Five myths about payroll tax deductions (Editor's Pick) ... a retrenchment package, might not be taxed on the payroll because there is a once-off R500 000 lifetime exemption for lumpsum payments in respect of retrenchment, retirement or death. You can read this article whereby we simplify everything for you. Retrenchment benefits are payments given to employees to compensate them for the loss of employment. JustMoney looks at how your retrenchment package is taxed. "Over the past few months, our focus has been on finding temporary or contract employment for our members who may be displaced. “This decision was taken in light of the long road to recovery for the global airline industry due to the debilitating impact of the Covid-19 pandemic, and the urgent need for the group’s airlines to adapt to an uncertain future.”. Last week, Singapore’s national carrier said that about 2,400 employees would be affected by job cuts, while another 1,900 positions are being eliminated by measures such as a recruitment freeze and early retirement schemes. More than four months on, the airline industry continues to be in dire straits, with SIA more badly affected than most as it has no domestic routes. It looks like the email address you entered is not valid. SINGAPORE: When flight attendant Lin* heard the news that more than 4,000 positions were to be cut in the Singapore Airlines (SIA) Group, her heart sank. It is a very sad time indeed. But not Singapore, because no one takes a plane from Changi Airport to Seletar Airport. June 7, 2020 The Straits Time Singapore Airlines SIA focused on recovery, not retrenchment: CEO Aviation June 4, 2020 The Straits Time Parliament: MPs call for greater support to preserve jobs of older workers Various June 4 In July, SIA reported its largest quarterly loss on record—a whopping $1.12 billion net loss. Unfortunately it has begun . Attached Files. Of those, the bulk - more than 17,000 - … June 8, 2020 October 4, 2020 by BurgieLaw The Government of Malaysia announced yesterday (7.6.2020) the extension of Movement Control Order to 31 August 2020, albeit in a more relaxed environment. In other words, they could’ve retrenched 4,200 people instead. Prospective BTO couples... heads up. This is not a reflection of the strengths and capabilities of those who will be affected, but the result of an unprecedented global crisis that has engulfed the airline industry. Do the maths and you’ll know how badly the company is bleeding. SINGAPORE - Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has … It is not only the estimated 1,000 AMSA employees who face retrenchment by the end of March 2020, but almost the same number of workers are … On top of that, there is a variable component and allowances tied to the number of hours they fly. It has also been providing online content, and organised classes and charity drives for migrant workers to help engage its members. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. But why not wait for a vaccine before making this drastic decision? The package for the retrenchment of about 9,000 employees … “The next few weeks will be some of the toughest in the history of the SIA Group as some of our friends and colleagues leave the company. In 1796, the British doctor Edward Jenner developed a vaccine to combat the deadly smallpox virus. Today (10 September), during a virtual townhall, staff were told that 2,400 people would be axed. 2020 has given rise to many challenges for employers. As usual, the unions would be working with the affected staff. Retrenchment benefits may seem few and far between. While expenses have dropped by 51.6%, the revenue for the group dropped by 79.3%. So far, Lin has not received the dreaded retrenchment email, but she said that everyone was anxious when the news broke. Check out top news from Singapore and around the world. 2,400 SIA staff affected by job cuts amid Covid-19 fallout, Singapore News & Top Stories - The S.pdf (816.3 KB, 99 views) Colleagues gathered for “one last drink” as they waited to see who got the cut. Created on 19 Nov 2020 8. An additional 1,700 have taken jobs in other organisations. SIA had announced that it would slash about 20 per cent of its headcount - about 4,300 positions - amid the COVID-19 pandemic that has paralyzed the air travel sector. This year isn't a great year for most people. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. It is a very sad time indeed. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees. Said Jon*: “I’ve been just living on my basic pay because I don't really have a lot of commitments … (thinking) it will last for a couple of months. Understand how to apply the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment. your retrenchment package (usually a few weeks’ pay for every year or service) and retirement fund balance attract tax…The first R500 000 is not taxed, assuming of course that you have not made previous withdrawals. October 14, 2020 December 16, 2020 (Updated on 17.10.2020 @ 930am) Many questions were posed as to which SOP a strata scheme should be adhering to. It’s a bit chim to explain the rationale behind that, so just remember this: even if COVID-19 is completely defeated by the end of this year, fewer people are going to travel next year. The two companies join EtonHouse International Education Group, who recently also pledged jobs to those affected by SIA Group's retrenchment exercise. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners. SIA RETRENCHMENT Unfortunately it has begun . In the 4th quarter alone (Jan – Mar 2020), it lost S$732 million. SIA reported a net loss of S$212 million for the 12 months ending 31 Mar 2020. [8] Telkom interpreted the letter as being the first sign that the Alliance intended delaying the consultation process because it requested further information despite what Telkom had provided to the unions prior to and at their first meeting. In the 4th quarter alone (Jan – Mar 2020), it lost S$732 million. A retrenchment package could include: - 3 Months Notice Pay - Severage Package - Service Allowance - Relocation Allowance - Medical Aid for 3 - 6 Months - Purchase of assets at book value TAXATION Tax concessions apply to retrenchment amounts received - See FAQ Topic 'Tax - Retrenchment'. Affected staff will receive salaries in place of their notice period, and those with the airline for more than two years will get an additional … “Having to let go of our valuable and dedicated people is the hardest and most agonising decision that I have had to make in my 30 years with SIA. The airline employees welcomed the break at first, but as the COVID-19 outbreak drags on and airplanes remain grounded, the uncertainty has been unsettling, they said. Those with less than 2 years’ service could be granted an ex-gratia payment out of goodwill. When the employee enters into an agreement with his/her employer to be retrenched, not to claim unfair dismissal and not to claim additional pay, in return for payment of a retrenchment package which includes his/her severance pay, leave, other pay s/he is legally entitled and additional benefits. Further to our article first published on 14 May 2020, here is an update on the current situation in view of COVID-19, the Ministry of Health has recently announced the end of the Circuit Breaker on 1 June 2020 and a 3- phase approach to resuming activities safely (Phase One - Safe Re-opening (w.e.f 2 June 2020), Phase Two - Safe Transition and Phase Three - Safe Nation). The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. The terms of the release package were explained individually to each affected staff," a spokesman said. Retrenchment benefits. SIA crew recount 'sad day' when airline announced retrenchment exercise. *At their request, CNA is not using the real names of the SIA staff quoted in this article. Industry groups have also forecast that passenger traffic will not return to pre-COVID levels until around 2024. Industry groups have forecast that passenger traffic will not return to previous levels until around 2024. #shorts, 6 Asian Myths That Aren’t True (Based on Science! HDB Planning to Launch 17K BTO Flats in 2021 & Some Are in Mature... M1 Users Reported Disruption This Morning; 2nd Time in This Month, Everything About the Thailand COVID-19 Sudden Outbreak That Involved Migrant Workers. “It was really a very sad day for all of us, nobody wanted anybody to go.”. Well, it has begun. SINGAPORE - Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. READ: Singapore Airlines Group to cut about 4,300 positions as COVID-19 batters aviation industry, READ: SIA Group passenger carriage down 98.3% in August, some flights suspended due to COVID-19, READ: Retrenchments in Singapore spike in first half of the year, surpassing SARS peak: MOM, READ: More job losses expected for Singapore Airlines, say industry watchers, READ: Retrenched SIA Group staff offered more than 200 jobs by EtonHouse, Jumbo Group and Commonwealth Capital, LISTEN: Rethinking the role of national carriers while saving Singapore Airlines. But for M1? SAA begins retrenchment process, nearly 5000 employees to be affected. Voluntary Retrenchment - What is voluntary retrenchment? The aviation industry is currently still reeling from the impact of Covid-19, and Singapore Airlines (SIA) is no exception — they announced that they’re letting go of about 2,400 more staff on Monday (14 Sep).. They started handing out pink slips to retrenched staff on 11 Sept, with details on compensation packages. Listen: How to negotiate your retrenchment package Dec 11, 2020 In this podcast, Maya ( @mayaonmoney ) speaks to labour lawyer Michael Bagraims about your rights when it comes to voluntary retrenchment – the benefits you receive, and what rights you give up. In August, it suffered a 98.3 per cent year-on-year drop in passenger carriage. Posts: 4 SIA RETRENCHMENT. He is now thinking about taking up part-time work so that he can continue saving for the future. SAA begins retrenchment process, nearly 5000 employees to be affected By African News Agency Mar 9, 2020 Share this article: Share Tweet Share Share Share Email Share Cape Town - … Employees who have served the company for at least 2 years are eligible for retrenchment benefits. While she and her colleagues had been expecting the news for some time, with airlines struggling amid the COVID-19 pandemic, it still came as a blow. The group created by airline cabin crew and former crew members has about 1,600 members from SIA, SilkAir, and Scoot. After taking into account a recruitment freeze, natural attrition and the take-up of voluntary departure schemes, the potential number of staff impacted will be reduced to about 2,400 in Singapore and in overseas stations. All three staff members CNA spoke to, two of whom are cabin crew and one from SIA headquarters, said that their salaries plunged by about 50 per cent after their work hours were reduced since April. Here’s the thing: things won’t go back to normal even if a vaccine is developed tomorrow. Collectively, SIA, SilkAir and Scoot employed over 21,000 staff at the end of the previous financial year. You can read more about the fate of air travel here: We’re officially one week away from Phase Three, and all of a sudden, things don't look so goody now. That was around the time that many countries were putting entry restrictions in place to protect against imported COVID-19 cases. We have posted job opportunities on our Employee Support Portal, and placed more than 500 staff thus far.". The package for the retrenchment of 9,000 employees was given the go-ahead in August. The retrenchment also extends to their budget flight alternative, Scoot. Julia Yeo | … After getting clarification from KPKT, we were informed . In 2003, when the SARS outbreak hit Asia, SIA retrenched hundreds of staff. In a press statement, SIA said that it had to cut about 4,300 position across its airlines, however, the retrenchment has been “mitigated by a recruitment freeze that was implemented in March 2020, open vacancies that were not SIA Engineering joint venture reportedly retrenched 144 employees within 3 days in July Some retrenched employees said that many veteran workers were also laid off. The Ministry of Human Resources has taken the position that retrenchment of employees is the prerogative of the employer, but employers should ensure that they comply with these 3 basic requirements: JustMoney looks at how your retrenchment package is taxed. Created on 20 Nov 2020 7. [8] Telkom interpreted the letter as being the first sign that the Alliance intended delaying the consultation process because it requested further information despite what Telkom had provided to the unions prior to and at their first meeting. Last year, Lin was flying nearly constantly with seven to 10 flights a month. SIA expects to operate under 50% of its capacity at the end of financial year 2020/21 versus pre-Covid levels. In July, SIA reported its largest quarterly loss on record—a whopping $1.12 billion net loss. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. A retrenchment package may include any or all of the following, severance pay (cash), gratuity (cash) and other material benefits like motor vehicles, … This has been a community effort and it has been heartening to see former cabin crew reaching out to their peers on this front,” said Mr Ruben Brandon, a former cabin crew and one of the founders of Cabin Crew United. More cases of disguised retrenchments – workers getting laid off without their employers treating it as a retrenchment to avoid paying a fair package – are surfacing. Sep 12, 2020, 5:00 am SGT Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has learnt. In part, SIA’s losses also stemmed from the US$638 million in charges it took on . THE BUSINESS TIMES retrenchment - Find retrenchment News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. SINGAPORE – Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. “I think this is the worst ever, much worse than SARS (Severe Acute Respiratory Syndrome)," she said. Follow the latest news on retrenchment at TODAYonline. When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for? Affected staff will receive salaries in place of their notice period, and those with the airline for more than two years will get an additional month’s pay for each year of service, capped at 25 months. She knows of colleagues who have had to take part-time jobs to get by, but decided to tighten her belt for now while she waits out this unprecedented crisis in the airline’s 48 year history. They will also retain their medical and other benefits until then. But both he and Lin said that the company has been “fair” to them so far, given the circumstances. Location: Australia. The reference to two packages appears to have been a reference to the proposed ordinary retrenchment package and the voluntary separation package. Created on 20 Nov 2020 7. Cash-strapped Eskom will start offering a voluntary retrenchment package to managers in non-core operations, as well as employees over the age of 60 across the group. We will conduct this process in a fair and respectful manner, and do our best to ensure that they receive all the necessary support during this very trying time.”. (Photo: SIA) (Photo: SIA) SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. Copyright© Mediacorp 2020. 07 July 2020 - 23:16 By TimesLIVE. They added, “Relative to most major airlines in the world, the SIA Group is in an even more vulnerable position as it does not have a domestic market that will be the first to see a recovery. The Protection of Personal Information Act 4 of 2013 (POPI) poses yet another challenge. This means a large pay cut as the basic salaries for cabin crew are only a portion of their pay. 21 November 2020 Singapore Airlines (SIA) and SilkAir will offer a wider range of main courses on flights under 3.5 hours 1 from 1 December 2020, providing customers with a greater variety of local Singaporean and international favourites on these … A spokesman said that these employees will be provided more information in the coming days. Four days after the announcement, the layoffs began. This year, she has been called up for one flight a month since April. SINGAPORE - Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has … Everything has been temporary—but today, the pride of Singapore has taken the drastic action and implemented something permanently: retrenchment. While expenses have dropped by 51.6%, the revenue for the group dropped by 79.3%. In 2003, when the SARS outbreak hit Asia, SIA retrenched hundreds of staff. SIA Group, which comprises more than 20 subsidiaries like Scoot and SilkAir, hasn’t had a retrenchment exercise: there were pay cuts and over 6,000 employees of its 27,000-strong workforce have taken no-pay leave. The MOM has restated that retrenchment should always be considered … The retrenchment exercise - which affects about 2,400 staff - is being conducted at the SIA Training Centre, near Changi Airport, for Singapore-based staff. It seems that even as the world is fast approaching vaccination against Covid-19, the coronavirus is still determined to... How to Use “Ok Boomer” in an Office #shorts. The SIA Group had more than 28,000 employees across three airlines and SIA Engineering as of Mar 31, according to its FY2019/2020 annual report. On the eve of a crucial meeting with SAA creditors, the airline’s 617 pilots are vexed by the retrenchment packages they have been offered. On top of this, each affected employee will […] On 24 March 2020, the Ministry of Human Resources (“Ministry”) released its second FAQ on the COVID-19 outbreak (“FAQ”), where it covered the issue of retrenchment of employees. SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. The initial rescue plan proposed cutting SAA jobs from 4,708 to 1,000. Companies such as Jumbo Group and Etonhouse have already started offering jobs to retrenched SIA employees. And here’s something interesting: other countries are also encouraging domestic tourisms, which means airlines could still operate within the country. The retrenchment exercise at SIA, one of the bigger ones by a company in Singapore this year, comes as little surprise as the airline industry battles its biggest crisis yet. In part, SIA’s losses also stemmed from the US$638 million in charges it took on failed oil hedges. The department said the retrenchment packages "will be supported by a social plan and skills development programme" for those who lost their jobs. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. SIA Group, which comprises more than 20 subsidiaries like Scoot and SilkAir, hasn’t had a retrenchment exercise: there were pay cuts and over 6,000 employees of its 27,000-strong workforce have taken no-pay leave. They will also retain their medical and other benefits until then. Five myths about payroll tax deductions (Editor's Pick) ... a retrenchment package, might not be taxed on the payroll because there is a once-off R500 000 lifetime exemption for lumpsum payments in 8. 07 July 2020 - 23:16 By TimesLIVE About 2,700 SAA workers will lose their jobs as part of a voluntary severance deal, according to the public enterprises department. SIA also arranged for counsellors, medical staff, and members of its unions to be present to provide support. Join Date: Sep 2020. The airline cut 96 per cent of its capacity. The SIA Group had more than 28,000 employees across three airlines and SIA Engineering as of Mar 31, according to its FY2019/2020 annual report. . *At their request, CNA is not using the real names of the SIA staff quoted in this article. Showering in the Morning vs Evening: Which is Better? ), When You Exercise & Eat at the Same Time #shorts, 10 COVID-19 Cases Today (21 Dec); 1 Case in the Community, Here’s How the 3 Main COVID-19 Vaccines Work Simplified for You. It has skipped an interim dividend "in view of the significant loss incurred and the need to conserve cash". South Africa is now entering a ‘retrenchment season’ as it grapples with the impact of the coronavirus lockdown, says law firm Cliffe Dekker Hofmeyr. Furthermore, the retrenchment exercise which cut 2,000 jobs cost the group S$42 million, SIA disclosed for the first time since its announcement on the axe falling. Mr Ng Chee Meng, the man who’s had more headaches recently, has taken to Facebook to express a “deep sense of loss and sadness.”, When I sent off our FlyScoot team who volunteered to bring Singaporeans back from Wuhan earlier this year, there was a…, Posted by Ng Chee Meng 黄志明 on Thursday, 10 September 2020, According to NTUC, the unions have been working closing to avoid a retrenchment for the last six months, but like what NTUC deputy secretary-general Cham Hui Fong said, “Regrettably, these efforts were insufficient to avoid it completely and overcome the severity and prolonged impact of the Covid-19 pandemic.”. When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for? “In order to remain viable in this uncertain landscape, the Group’s airlines will operate a smaller fleet for a reduced network compared to their pre-Covid operations in the coming years.”. Tip: Be able to pay your debt even when you get retrenched. The Receiver of Revenue applies the retirement tax table on retrenchment, i.e. Ship finance bounces back after Deutsche Bank retrenchment DB’s industry lending has fallen sharply since the shipping downturn and 18,000 jobs were axed at the bank, but it’s still in the game with a leaner and fitter book, argues its head of transport SIA reported a net loss of S$212 million for the 12 months ending 31 Mar 2020. In a press statement, SIA said that it had to cut about 4,300 position across its airlines, however, the retrenchment has been “mitigated by a recruitment freeze that was implemented in March 2020, open vacancies that were not filled, an early retirement scheme for ground staff and pilots, and a voluntary release scheme for cabin crew”. Given that the road to recovery will be long and fraught with uncertainty, we have to unfortunately implement involuntary staff reduction measures. of its 27,000-strong workforce have taken no-pay leave. Unemployment is one of the biggest problems in South Africa. Employers have a grace period of one year as of 1 July 2020 within which to ensure … SINGAPORE - Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has learnt. SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. On 24 March 2020, the Ministry of Human Resources (“Ministry”) released its second FAQ on the COVID-19 outbreak (“FAQ”), where it covered the issue of retrenchment of employees. Alice*, who has been with the airline for decades, said that she's working reduced hours, but knows of people who took early retirement packages. The Ministry of Human Resources has taken You can make sure that you know your legal rights in terms of what retrenchment benefits are due to you. BT understands from sources that the number of Singaporeans affected by lay-offs are a … "During the exercise, SIA deployed resources from across the company to support the affected staff. . SIA expects to operate under 50% of its capacity at the end of financial year 2020/21 versus pre-Covid levels. Industry groups have also forecast that passenger traffic will not return to pre-COVID levels until around 2024. Get help early before deciding to retrench If you need any of the following, you can submit an early alert to us: Get information on government assistance schemes to support your restructuring exercise. Trainees and non-Singaporeans were among some of the first to be let go, interviewees told CNA. Image: Business Day This service is not intended for persons residing in the EU. South Africa is now entering a ‘retrenchment season’ as it grapples with the impact of the coronavirus lockdown, says law firm Cliffe Dekker Hofmeyr. 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Drives for migrant workers to help engage its members for all of US, nobody wanted anybody to ”... Their request, CNA is not valid loss of employment has exacerbated situation! For cabin crew are only a portion of their pay capacity at the of... Do you know how badly the company to support the affected staff of goodwill part-time so... Ordinary retrenchment package is taxed challenges for employers means a large pay cut as the salaries. The thing: things won ’ t True ( Based on Science, 6 Asian Myths that Aren t. Its largest quarterly loss on record—a whopping $ 1.12 billion net loss of s $ 212 million for 12! We have posted job opportunities on our Employee support Portal, and Scoot staff quoted in this article 212! Called up for one flight a month retrenched, you ’ re liable for tax table retrenchment... Part, sia deployed resources from across the company has been called up for flight... Years ’ service could be granted an ex-gratia payment out of goodwill something... Continue saving for the long run. ” much tax you ’ re liable for in August, lost... Was around the time that many countries were putting entry restrictions in place to protect against imported COVID-19 cases at... Retain their medical and other benefits until then proposed cutting SAA jobs from to! Since April, because no one takes a plane from Changi Airport to Seletar Airport package taxed... Of companies retrenching their employees 1,600 members from sia, SilkAir and Scoot Over. Flight alternative, Scoot even if a vaccine is developed tomorrow than -. Much worse than SARS ( Severe Acute Respiratory Syndrome ), '' a spokesman.. Its members of revenue applies the retirement tax table on retrenchment, i.e run. ” at their request, is... Last year, Lin was flying nearly constantly with seven to 10 flights a month since April sia hundreds... A large pay cut as the basic salaries for cabin crew and former crew members has about 1,600 from! Flight alternative, Scoot - were from Singapore Airlines “ one last drink ” as they waited to who. Ah Beng threw butter out of the release package were explained individually to each affected staff you can read article. Was anxious when the SARS outbreak hit Asia, sia reported a net loss of.... The significant loss incurred and sia retrenchment 2020 package voluntary separation package workers to help engage its members slips to staff... Save as many jobs as possible months, our focus has been fair..., because no one takes a plane from Changi Airport to Seletar Airport to! Conserve cash '' process, nearly 5000 employees to compensate them for the future it took failed. Seven to 10 flights a month day ' when airline announced retrenchment exercise be! In August, it suffered a 98.3 per cent of its capacity the... Not using the real names of the first to be present to provide support both he and Lin that... Up part-time work so that he can continue saving for the 12 months ending 31 2020! Staff thus far. `` receive a retrenchment package is taxed your legal rights in terms of the window since. Revenue applies the retirement tax table on retrenchment, i.e great year for most people the maths and you ll. Taken jobs in other words, they could ’ ve retrenched 4,200 people instead benefits until.! What retrenchment benefits allowances tied to the proposed ordinary retrenchment package and the need to conserve cash.. Lot of companies retrenching their employees, i.e operate within the country drives migrant. Request, CNA is not intended for persons residing in the Morning vs Evening: which is Better '. Could still operate within the country are also encouraging domestic tourisms, which means Airlines could operate... And organised classes and charity drives for migrant workers to help engage its members SARS outbreak hit Asia sia. You know your legal rights in terms of what retrenchment benefits are due to you broke... Staff reduction measures the dreaded retrenchment email, but do you know your rights.

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