dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Lah!

SIA Engineering Company Steps Up Measures To Mitigate Impact Of COVID-19

  • April 4, 2020
Total
0
Shares
0
0
0

The increasing border entry restrictions in many countries to contain the global spread of Covid-19 has resulted in the unprecedented collapse in demand for air travel and impact on the global economy. In view of the massive flight cuts by airline customers and the increasingly difficult business environment, SIA Engineering Company Limited (SIAEC) is stepping up its measures to mitigate the severe impact.

The Management of SIAEC will take deeper pay cuts than previously announced. The pay cuts for the Chief Executive Officer and Executive Vice President have increased to 25% and 20% respectively, with effect from 1 April 2020. Senior Vice Presidents’ pay cut of 8% has been brought forward from 15 April 2020 to 1 April 2020 and will increase to 15% from 1 May 2020. Vice Presidents’ pay cut of 7% has been brought forward from 15 April 2020 to 1 April 2020 and will increase to 12% from 1 May 2020. Senior Managers and Managers’ pay cut of 5% has been brought forward from 15 May 2020 to 1 April 2020 and will increase to 10% from 1 May 2020.

In addition to the voluntary no-pay leave scheme offered to all staff, the Company has been working closely with its unions on other measures, including varying days of compulsory nopay leave, furlough for staff on re-employment contracts and deferment of salary increments and promotions.

The SIAEC Board has also volunteered a deeper reduction of 25% in fees accruing with effect from 1 April 2020 in solidarity with Management and Staff.

The SIAEC Group will defer non-essential operating costs, non-essential capital expenditure and timing of certain payments. We will also take measures to maintain adequate liquidity over the uncertain duration of this unexpected crisis and severe disruption.

SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. SIAEC has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at 36 airports in 8 countries, as well as airframe and component services on some of the most advanced and widely used commercial aircraft in the world. Apart from MRO services, SIAEC also offers a comprehensive and integrated suite of solutions under its fleet management services.

The 26 subsidiaries and joint ventures with original equipment manufacturers and strategic partners in Singapore, Hong Kong, Indonesia, Japan, Philippines, United States, Vietnam and Thailand increase the depth and breadth of the Company’s service offerings. SIAEC has approvals from 25 national aviation regulatory authorities to provide MRO services for aircraft registered in the United States, Europe, China and other countries.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • COVID-19
  • SIA Engineering Company Limited
  • Singapore Airlines
dotlah.com

Previous Article
  • Lah!

Keppel Land And Keppel REIT Roll Out Measures To Support Tenants Through The COVID-19 Outbreak

  • April 4, 2020
View Post
Next Article
  • Lah!

Singaporean Students To Benefit From Freeze in Increases In Autonomous Universities’ Tuition Fees For AY2020

  • April 4, 2020
View Post
You May Also Like
View Post
  • Lah!

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • John Francis
  • March 25, 2025
View Post
  • Lah!

Canonical announces 12 year Kubernetes LTS

  • John Francis
  • March 4, 2025
dotlah-smartnation-singapore-lawrence-wong
View Post
  • Artificial Intelligence
  • Featured
  • Features
  • Lah!
  • Machine Learning
  • Technology

Growth, community and trust the ‘building blocks’ as Singapore refreshes Smart Nation strategies: PM Wong

  • Dean Marc
  • October 9, 2024
dotlah-singapore-ndp-2024
View Post
  • Lah!

Here’s what to expect for NDP 2024!

  • dotlah.com
  • August 9, 2024
dotlah-singapore-airlines_may_21-1716298816
View Post
  • Lah!

Severe turbulence during Singapore Airlines flight leaves several people badly injured. One man died

  • majulah
  • May 22, 2024
dotlah-pm-lee-lawrence-wong-9656d4cd-1fa4-40ed-905d-e19e639b8476_728802dd
View Post
  • Lah!
  • People
  • Politics

End of Lee Era for Singapore as PM Steps Down

  • dotlah.com
  • May 16, 2024
DPM Lawrence Wong will be Singapore's fourth prime minister on May 15. ST PHOTO: LIM YAOHUI
View Post
  • Lah!
  • People
  • Politics

7 things to know about Singapore’s next prime minister Lawrence Wong

  • dotlah.com
  • May 15, 2024
When asked about his leadership style, DPM Lawrence Wong said he will be open and consultative, but he will not shirk from doing what is necessary for Singapore's future. ST PHOTO: LIM YAOHUI
View Post
  • Features
  • Lah!
  • People
  • Politics

‘We are prepared to relook everything’: Lawrence Wong on a changing society and his hopes for S’pore

  • dotlah.com
  • May 15, 2024


Trending
  • 1
    • Cities
    To Help Solve Global Problems, Look To Developing Countries
    • February 29, 2020
  • 2
    • Lah!
    Grab And Disney Continue To Bring Magical Experiences To Millions Of Consumers In Southeast Asia
    • November 3, 2021
  • 3
    • Business
    • People
    Fast Loans With Bad Credit: 5 Best Companies To Go To
    • August 27, 2020
  • group-of-people-social-media-pexels-cottonbro-8088495 4
    • Features
    • People
    The Role Of Neuroticism In Social Media Addiction
    • April 9, 2022
  • richest-person-2023 5
    • Economy
    • People
    The World’s Richest People in 2023
    • April 6, 2023
  • mpa-singapore 6
    • Cities
    Joint Release By EDB, ESG, MPA And MOH: Measures Taken To Safeguard Health And Safety of Shore-Based Personnel In Maritime Sector
    • January 5, 2021
  • 7
    • Features
    • People
    How Online Therapy Is Helping Those Who Are Struggling Mental Health Issues During COVID-19 Lockdown
    • May 6, 2020
  • 8
    • Cities
    SIA Cargo Re-Certified For IATA CEIV Pharma, Adds New Stations To THRUCOOL Quality Corridor Network
    • March 6, 2020
  • Space 9
    • People
    • Technology
    UK Space Agency adds three more stops to Space for Everyone tour
    • August 10, 2023
  • hawaii-lahaina-fires-1200x0 10
    • Cities
    • Climate Change
    • Environment
    Maui’s deadly wildfires burn through Lahaina – it’s a reminder of the growing risk to communities that once seemed safe
    • August 11, 2023
  • 11
    • Lah!
    National Gallery Singapore Celebrates National Day
    • August 8, 2019
  • 12
    • Lah!
    • Technology
    Global Space & Technology Convention (GSTC) 2021 Brings Close To 30 Countries And Regions Together to Set Growth Agenda For Asia’s Space Sector; Underscores Confidence In Space As New Engine For Growth
    • June 8, 2021
Trending
  • Camping 1
    The Summer Adventures : Camping Essentials
    • June 28, 2025
  • 2
    Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore
    • June 20, 2025
  • 3
    A Father’s Day Gift for Every Pop and Papa
    • June 14, 2025
  • 4
    Apple services deliver powerful features and intelligent updates to users this autumn
    • June 12, 2025
  • 5
    Apple supercharges its tools and technologies for developers to foster creativity, innovation, and design
    • June 11, 2025
  • 6
    It’s time to stop debating whether AI is genuinely intelligent and focus on making it work for society
    • June 8, 2025
  • 7
    PBBM asks Singapore to invest more in PH renewable energy projects
    • June 6, 2025
  • 8
    Singapore PM Wong arrives in Malacañang
    • June 4, 2025
  • 9
    Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong
    • June 4, 2025
  • 10
    Singapore businesses eye more investments in PH, says PM Wong
    • June 4, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.