24th Jun 2003, 13:40. Effects, 67% MARKHAM, Ontario, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today provided the following update. Retrenchment should always be the last resort. In these difficult times, try to be nice to one another. Goh said that the decision to retrench the employees was based on the expectation that the road to recovery for the company will be “long and fraught with uncertainty”. SilkAir will also be letting go about 100 of its staff who are based in Indonesia, India, China, Thailand, Malaysia, Laos and Myanmar, over the next 20 months. According to The Straits Times, any retrenched SIA staff will receive one month of pay for every year of service, capping off at 25 months. An SIA Engineering joint venture has been accused by its employees for being overly "radical" with its retrenchment exercises. SIA Retrench Pilots In 2016 Due To Oversupply But Now Invites Indian Vistara Pilots To Fly For SIA To Meet “Manpower Needs”? They will however continue with cost-cutting measures, in place since the start of the crisis. Union leaders were also … Our daily newsletter is FREE and keeps you up-to-date with the world of HR. , SIA have hedged wrongly in the past. COVID-19 George Yang-November 19, 2020. 31/5/20 Post a Comment. , SIA a couple of days ago began to retrench pilots from the A340 and A310 fleets. SINGAPORE, Sept 15 (The Straits Times/ANN):Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) … Covid-19 Cathay has cut executive salaries and staff are on voluntary unpaid leave – but the company said that job cuts are still possible. And on 10 Sept, Singapore Airlines (SIA) had to retrench many employees as well. June 24, 2020. Meanwhile, airlines such as Cathay Pacific secured a $5billion bailout package from the Hong Kong government to avoid a “collapse of the company”. In a memo to staff, SIA chief executive Goh Choon Phong said it was a “painfully difficult decision” to retrench staff, the toughest one that he has had to make in his 30 years at SIA. The past will catch up with them sooner or later. 'We are not going to let up on the various measures that we have for controlling costs'. 1) if it is better for the company survival and competitiveness, they really should do it. The 414 staff represent 1.5 per cent of the SIA … SIA eventually gave up its ground-handling arm Sats, but kept SIA Engineering which management viewed as part of the group's core business. PM Lee: Singapore to move into 'phase 3' of pandemic. Employers should consider cost-saving measures to manage excess manpower. The lack of certain F&B outlets is noticeable since it’s hard for these shops to remain afloat with dwindling customer bases. Factoring in hiring freezes and early retirements, SIA will be reducing total workforce by 4,300," he said. The sector has more than 130 companies, including Singapore firms such as ST Engineering Aerospace, SIA Engineering Company and Singapore Aerospace Manufacturing, as well as … ALPA-S, which represents around 1,600 SIA pilots, says the airline should retrench its 120 foreign-based pilots employed by SIA Mauritius before … Just to clarify,I dont think one should envy the allowance paid,they deserve it.Blame game now,but some in CC deserve brickbat,its been suspected Corporate behaviour,they will retrench,or any other name to thin the cashflow of billions inputed.Imo normal behaviour,look at other Airlines etc.Only difference,those with bad karma get … And do you think they will be hiring anytime soon? Singapore Airlines (SIA) Group will cut around 4,300 positions across its three airlines as it continues to grapple with the impact of the COVID-19 pandemic, it announced on September 10. 13/9/20 While many companies that retrench their workers do pay out compensations, it often takes months or even years for the funds to be disbursed. Hooray for PAP. READ MORE: Singapore Airlines has no plans to retrench staff. Please complete the form below and click on subscribe for daily newsletters from HRD Asia. In a memo to staff, SIA chief executive Goh Choon Phong said it was a “painfully difficult decision” to retrench staff, the toughest one that he has had to make in his 30 years at SIA. No one could have predicted the devastating impact of Covid-19 on the airlines industry earlier this year, he said, adding that it is still unclear which airline carriers will survive this crisis. The pilots were all Captains and employed on expatriate terms. knowwhatyouwantinlife This move by SIA to invite foreign pilots to make up for the supposed manpower shortfall is puzzling because just 2 years ago, SIA announced that it would be shedding (retrenching or voluntary retirement) 12% of its pilot pool due to the business slowdown and it claimed in 2016 that it still had more than enough pilots than it needed. The Straits Times website, our local newspaper, reports that some local A340 pilots may well be retrenched too. 172 pilots and 50 engineers, and those involved will be notified via email within 24 hours. Wirraway. Has Begun Retrenched Singapore Airlines staff have been told that they will continue to receive their salaries until Dec 15, - The Straits Times/Asian News Network, Tags / Keywords: SINGAPORE, June 24 (Reuters) - Singapore Airlines Ltd may retrench 100 pilots and 1,000 cabin crew within a few weeks, in the second round of job cuts after it laid off 414 staff, the Business Times said on Tuesday. Written By Luna Tee. Latest Articles. Sinkies as always will be the losers. }) And recently Thai Airways became the first Asian national carrier to file for bankruptcy, with the government agreeing to support a ‘rehabilitation’ and ‘restructuring’ plan. Share Singapore Airlines ’s (SIA) CEO said retrenchment is the last thing on their minds right now. Spread the love. Retrenched SIA Staff Will Allegedly Get Up to 25 Months’ Pay & Also Paid in Lieu of the Notice Period Written By Ashley Seek It’s no secret that the coronavirus has affected lots of businesses. Popular budget carrier AirAsia has also sought help from banks to fund its operations. The carrier’s labour union supported the idea but strictly opposed anything that would impact employee welfare. Subscribe to: Post Comments (Atom) Please donate . Otherwise when? 2,400 employees from across the group’s 20 subsidiaries, including Scoot and SilkAir, failed to make the cut. , Uncle here been a waiter, dish washer, pizza deliverer, cook, courier, ops manager, auxiliary police, security guard, uber driver, private investigator, property agent, recreational divemaster, commercial diver, until now still haven settle down and looking forward to my next adventure. Can employers force staff to take the COVID-19 vaccine? Mr Goh said that SIA is working with Singapore-based unions to finalise the arrangements for affected staff and to minimise stress and anxiety for them. MNCs also retrenching $(document).ready(function () { Newer Post Older Post Home. We evaluate the Relative Strength between asset classes giving us insight into money flows on a large scale, and from this select top ranked investments. The Singapore Airlines (SIA) Group today announced that it will retrench 414 Singapore-based employees, comprising office staff, airport workers and engineering personnel. , 172 pilots and 50 engineers, and those involved will be notified via email within 24 hours. Non-Taxable Retirement Benefits. Experts Say SIA Might Retrench More People As 2021 Might Be Worse Than 2020. This retrenchment will come into full effect when SilkAir transfers its existing services to Scoot, the budget arm of SIA. 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. No comments: Post a Comment. The airline also outsourced its information technology work, cutting more than 400 jobs. View Full Version : Singapore Airlines may retrench 100 pilots. 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