Singapore Airlines cuts senior management pay by up to 15% as aviation sector hit hard by COVID-19

Singapore Airlines staff, ranging from managers all the way to senior management, are set for pay cuts, as COVID-19 hits the aviation sector hard. The group said it has been taking aggressive steps over the last few weeks to cut capacity, as well as reduce capital spending and operating costs. From March, senior management will take a pay cut of 10% to 15%. Divisional vice-presidents and vice-presidents will take a 7% cut from April, while managers and senior managers will see their salaries cut by 5% from May. Starting March, the SIA board of directors will also take a 15% cut in their fees.

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