SIA Pilots agree to 16.5% Wage Cuts
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Monday June 30, 11:35 AM
Singapore Air pilots agree to wage cuts
SINGAPORE, June 30 (Reuters) - Singapore Airlines Ltd, Asia's biggest airline by market value, agreed with its 1,600-strong pilot union to cut wages by 16.5 percent, a spokesman for the Air Line Pilots Association Singapore said on Monday.
"Our members are in favour of this. It's a done deal. We have an in principal agreement with SIA," said Captain Perinpanayagam James, vice-president of industrial relations for union. He said the agreement was reached late on Friday.
The union had earlier rejected proposals for a pay cut of up to 22.5 percent.
Singapore Airlines, 56 percent government-owned, recently announced 414 job losses among its ground staff.
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