SIA Pilots agree to 16.5% Wage Cuts
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. Email this story Printer friendly version |
The next step for SIA management to do:
Sack 100 pilots. (Remember the writing on the wall?) |
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. 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. |
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