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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. This is provided they have been in service for two years or more.
Each affected employee will also be paid in lieu of the notice period in their employment contract. This can be up to three months’ salary.
The benefits are in accordance with the group’s collective agreements with its unions.
On Thursday (Sept 10), SIA announced that it would slash about 20 per cent or 4,300 positions, amid the Covid-19 pandemic that has paralysed the air travel sector.
About 2,400 staff will be retrenched, while the remaining 1,900 roles will be accounted for through natural attrition, a recruitment freeze and voluntary-departure schemes.
Asked about retrenchment benefits, SIA’s spokesman said: “Discussions have begun with our Singapore-based unions. SIA is working closely with them to finalise the arrangements for those who are affected so as to minimise the stress and anxiety on our people.”
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