SIA not renewing 70% Expat Contracts
SIA is again at it's best. Panic Stations !!! Using the financial crisis to slash expat contracts.
They have been calling the expats whose contracts are up for renewal in 3 months and telling them that they will not be renewing at least 70% of those contracts as SIA is entering the "Cutting the Fat" mode.
The irony is that some of these pilots have received very recently a "Long Service Award" and a medal for the "loyalty" to the company to be told a month later that they will have to go.... What an absolute gutless outfit.... Yes all the expats in SIA must be afraid.. very afraid... their contracts are not worth the ink they are written , never mind the paper !!
SIA is at the moment retrenching the pilots whose contracts are up for renewal so that they can avoid compensation pay, but they might change their minds and start retrenching others. Remember, the contract is only valid for 3 months.
In the meantime while this retrenchment is going on they are still training new Captains . Doesn't make any sense !! SIA has ceased to be a safe and secure job....