NO-PAY LEAVE

Singapore - In an attempt to cut costs and manage surplus manning levels, Singapore Airlines Engineering Company (SIAEC) is implementing one to two days of no-pay leave per month for staff, starting from July.

"The number of days of no-pay leave to be taken by staff will vary by divisions, in accordance with the number of surplus staff in each division," says SIAEC in an announcement yesterday.

Lower-wage staff will take half or one day's no-pay leave per month to try alleviate the impact on take-home pay, reports The Business Times.

Also, staff will be sent for training to manage surplus manning capacity, with assistance from the Skills Programme for Upgrading and Resilience (SPUR).

These new measures come after the announcement of a management wage cut, where CEO William Tan took a 20% pay cut. Senior ice-presidents, vice-presidents and managers also took cuts of 14%, 12% and 10% respectively.

These new measures and savings from SPUR will amount to up to S$1 million per month, says the company.

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