SIA Pilots agree to 16.5% Wage Cuts

[Lee]

Here's the latest:


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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[Lee]

The next step for SIA management to do:

Sack 100 pilots. (Remember the writing on the wall?)

[BlueEagle]

So, if I have read this correctly, the basic salary of S$10,000 has now been reduced to S$8350 which is S$150pm LESS than it was in 1990? Yes?

Hope they can negotiate all salaries being reinstated as soon as SIA moves back into profitability.

[Slasher]

Hope they can negotiate all salaries being reinstated as soon as SIA moves back into profitability.

B.E, askin SQ management to do that would be like askin a lying thieving criminal to return all the stuff he stole from you once hes paid off his debts. You forget Singapore is a dictatorship and SQ is answerable to no one. In a democratic countrey they wouldve gone down the gurgler and been liquidated through individual and colective-action Court suits long ago in the late 80s.

Like always theyll thieve a mile and give back an inch. Predictabley once profitability is restored, they might "generousley" give a "huge" 7 or 8pc pay rise (after a bloodey long drawn-out process, so that inflation deadens the Company impact on the actual real value of any salary increase). Of course thats an 7 - 8pc increase on an alreadey-cut salary. You dont have to be a rocket scientist to work out the longer-term shafting program.