[ad_1]
SINGAPORE – Grab has slashed the pay of its senior management by up to 20 per cent and encouraged its staff members to take voluntary no-pay leave.
It has also warned that it might no longer be able to give drivers more financial help if the current circuit breaker measures to combat the Covid-19 outbreak extend beyond June 1.
The technology firm is the largest private-hire and food delivery operator in Singapore. It is also a major e-payments player.
In a note to drivers on Wednesday evening (April 29), Grab Singapore’s head of transport Andrew Chan said the firm has been badly hit by the coronavirus outbreak.
Mr Chan said: “As our revenues continue to fall, senior Grab leaders have taken a pay cut of up to 20 per cent and Grab staff have also been encouraged to take no-pay leave voluntarily.
“We had been hopeful that the stricter circuit breaker measures would be lifted next week and people can resume their daily lives. Instead, the circuit breaker period was extended to June 1.
“We may no longer be able to provide extra financial support if the circuit breaker is extended past June 1.”
[ad_2]
Source link
