SIA Pilots agree to 16.5% Wage Cuts
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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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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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Join Date: May 2002
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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.
Hope they can negotiate all salaries being reinstated as soon as SIA moves back into profitability.
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Hope they can negotiate all salaries being reinstated as soon as SIA moves back into profitability.
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.