Public transport operator, SMRT Corporation has announced salary reduction of up to 5% for its management staff this year, as a measure to cope with the challenging situation arising from the coronavirus (COVID-19) outbreak.
In addition, bonus for the management staff with see a 0.5-month reduction this year, as confirmed by Neo Kian Hong, Group CEO, SMRT Corporation.
However, this does not impact SMRT's planned hiring. In a statement to Human Resources Online, he added: "SMRT will continue to focus on providing safe and reliable journeys, and press on with our planned recruitment efforts for the new Thomson-East Coast Line (TEL) to better serve our commuters."
The announcement comes shortly after SMRT agreed to provide its taxi partners another S$2.5 million in rental rebates through the new Additional Special Relief Fund (ASRF) for the next three months, effective 21 February 2020.
Under the ASRF, full-time taxi partners will each receive a daily rental rebate of S$15 till the end of March 2020; a $10 rebate in April, and a $5 rebate in May (1-13 May). This is on top of the Special Relief Fund of $20 per vehicle for three months from 14 February.
As a result, SMRT taxi partners will see a daily total rental reduction of $35 till the end of March, $30 for the month of April, and $25 from 1 to 13 May.
The operator will also waive rental fees for taxi partners should they be placed under quarantine by the Ministry of Health. In addition, SMRT Taxis’ Helping Hand Fund will also provide care and support to taxi partners should they be affected in the current situation by a leave of absence, quarantine order or the illness.
Photo / StockUnlimited