READ MORE: SIA Group to slash about 4,300 jobs. 21 November 2020. Asked about retrenchment benefits, SIA's spokesman said: "Discussions have begun with our Singapore-based unions. In part, SIA’s losses also stemmed from the US$638 million in charges it took on failed oil hedges. Quick-thinking singer Sia has claimed she once saved child star Maddie Ziegler from the clutches of evil Harvey Weinstein by stopping the young “Chandelier” dancer from boarding a … Meanwhile, the Restaurant Association of Singapore is also working with its members to offer more than 1,000 positions to retrenched SIA Group staff, said Mr Chan. In part, SIA’s losses also stemmed from the US$638 million in charges it took on failed oil hedges. It looks like the email address you entered is not valid. 21 November 2020. According to a press release, after taking into account a recruitment freeze, natural attrition, and the take up of voluntary departure schemes, the potential number of staff impacted will be reduced to about 2,400 in Singapore and in overseas stations. “This will allow all stakeholders to further engage and explore further options in an effort to ensure the financial sustainability of … On Monday, Mr Chan said that Commonwealth Capital and Jumbo will join EtonHouse in offering positions to displaced SIA Group employees. About 2,400 staff will be retrenched, while the remaining 1,900 roles will be accounted for through natural attrition, a recruitment freeze and voluntary-departure schemes. 2,400 employees from across the group’s 20 subsidiaries, including Scoot and SilkAir, failed to make the cut. Sent from HUAWEI LYA-L29 using GAGT 10-08-2020, 08:38 PM #2: SpinFire. The same month SIA offered shareholders S$15 billion in new equity 10-year convertible bonds, underwritten by parent company Temasek Holdings. Article by. SABC temporarily halts retrenchment procedures. Thank you for making this digital edition a great event! Share. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners. Boh Tong was a Cabin Crew Executive (CCE) with SIA before his retirement in 2003. The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. It's unclear when LaBeouf and Sia were romantically connected, as the singer didn't give any details about their relationship. Because when there are so few autistic characters in television and cinema, it makes it even more important that we are represented truthfully." While expenses have dropped by 51.6%, the revenue for the group dropped by 79.3%. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. PROFIT GUIDANCE FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2020. Sent from HUAWEI LYA-L29 using GAGT Affected staff have started to receive e-mails informing them of allocated dates for briefings, which will be conducted either physically at the SIA Training Centre or over the phone if the staff is currently overseas. Together, the three firms are offering more than 200 positions. Image: Gallo … SIA still dun mass retrenchment, waiting for what? The Singapore Airlines (SIA) Group yesterday announced the decision to cut around 4,300 positions across its airlines. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. The number of employees affected may be reduced to about 2,400, the group said on Thursday, "mitigated" by measures such as a recruitment freeze in March, an early retirement scheme for ground staff and pilots and a voluntary release scheme for cabin crew. Earlier on Tuesday, the SABC’s News Channel saw a break in broadcasting with presenters refusing to go on air as the corporation faces retrenchments. At the end of January 2020, Singapore Airlines had hedged 79% of its fuel requirements for February and March at an average price of $76 per barrel, the Singapore Business Times reported. For the full fiscal year ending on March 31, the airline had hedged 73% of its fuel needs at a price corresponding to $58 per barrel. Sent from HUAWEI LYA-L29 using GAGT 10-08-2020, 08:38 PM #2: SpinFire. First, retrenchment would worsen regional security competition in Europe and Asia. "They also have a wealth of international experience and cultural understanding that they bring to their roles," added Mrs Ng. The realists recognize that the U.S. military presence in Europe and Asia does dampen security competition, but they claim that it does so at too high a price—and one that, at any rate, should be paid by U.S. allies in the regions themselves. THE BUSINESS TIMES retrenchment - Find retrenchment News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Compared to the hundreds of layoffs during the 2003 SARS crisis, the scale of the retrenchment … In a press statement, SIA said that it had to cut about 4,300 position across its airlines, however, the retrenchment has been “mitigated by a recruitment freeze that was implemented in March 2020, open vacancies that were not filled, an early retirement scheme for ground staff and pilots, and a voluntary release scheme for cabin crew”. 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