SIA doesn't plan to cut jobs for now: report

However, the airline will have to review possible workforce reduction.

Singapore Airlines (SIA) doesn’t plan to cut jobs at the moment and will focus on recovering from the pandemic, reports Sunday Times, citing the carrier’s Chief Executive Officer Goh Choon Phong, according to Bloomberg.

However, the airline will have to review possible job cuts. SIA has offered its staff voluntary unpaid leave and some have taken temporary posts outside the company after it slashed most of its flights due to the pandemic.

Meanwhile, SIA and its SilkAir unit have already restored some flights this month but are only operating at 6% of capacity as the global spread of the virus wiped out travel demand.

The carrier is raising about $8.8b (US$6.3b) through share and convertible bond sales. It has also cut salaries of its management team by as much as 30% from 1 April and is in negotiations with aircraft manufacturers to adjust deliveries and payment schedules.

Read more here.

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