SATS

[weijian]

It is getting bad for SATS employees but not surprising since SATS's services should follow immediately after their customers' cut in supply (the airlines)

Pay cuts, voluntary unpaid leave at SATS amid Covid-19

AIRPORT and food services provider SATS has slashed pay for its management team and is letting staff opt for voluntary early retirement and voluntary unpaid leave as pressure mounts from the coronavirus outbreak.

The measures were implemented last Wednesday (Feb 19) to save costs in order to save jobs, SATS told The Business Times on Thursday.

The management team, comprising all vice-presidents and above, are taking the lead with a 10 per cent pay cut, SATS said. Employees aged 55 and above were given the option of early retirement. Staff were also told that they could request to go on voluntary unpaid leave, and that their jobs would not be replaced.

SATS said in a statement: "The Covid-19 epidemic has caused a sharp decline in passenger and cargo volumes across Asia, impacting revenue streams for SATS. We are, therefore, taking proactive steps to mitigate the risks and impact of the situation on our business and our people.

https://www.businesstimes.com.sg/compani...d-covid-19