Tip: Be able to pay your debt even when you get retrenched. On 24 March 2020, the Ministry of Human Resources (“Ministry”) released its second FAQ on the COVID-19 outbreak (“FAQ”), where it covered the issue of retrenchment of employees. *At their request, CNA is not using the real names of the SIA staff quoted in this article. When the employee enters into an agreement with his/her employer to be retrenched, not to claim unfair dismissal and not to claim additional pay, in return for payment of a retrenchment package which includes his/her severance pay, leave, other pay s/he is legally entitled and additional benefits. In 2003, when the SARS outbreak hit Asia, SIA retrenched hundreds of staff. Understand how to apply the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment. While expenses have dropped by 51.6%, the revenue for the group dropped by 79.3%. Image: Business Day But why not wait for a vaccine before making this drastic decision? When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for? SIA RETRENCHMENT Unfortunately it has begun . The initial rescue plan proposed cutting SAA jobs from 4,708 to 1,000. June 7, 2020 The Straits Time Singapore Airlines SIA focused on recovery, not retrenchment: CEO Aviation June 4, 2020 The Straits Time Parliament: MPs call for greater support to preserve jobs of older workers Various June 4 More than four months on, the airline industry continues to be in dire straits, with SIA more badly affected than most as it has no domestic routes. The reference to two packages appears to have been a reference to the proposed ordinary retrenchment package and the voluntary separation package. SIA reported a net loss of S$212 million for the 12 months ending 31 Mar 2020. Listen: How to negotiate your retrenchment package Dec 11, 2020 In this podcast, Maya ( @mayaonmoney ) speaks to labour lawyer Michael Bagraims about your rights when it comes to voluntary retrenchment – the benefits you receive, and what rights you give up. Everything has been temporary—but today, the pride of Singapore has taken the drastic action and implemented something permanently: retrenchment. The SIA Group had more than 28,000 employees across three airlines and SIA Engineering as of Mar 31, according to its FY2019/2020 annual report. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Said Jon*: “I’ve been just living on my basic pay because I don't really have a lot of commitments … (thinking) it will last for a couple of months. This means a large pay cut as the basic salaries for cabin crew are only a portion of their pay. The Protection of Personal Information Act 4 of 2013 (POPI) poses yet another challenge. Retrenchment benefits. SIA Group, which comprises more than 20 subsidiaries like Scoot and SilkAir, hasn’t had a retrenchment exercise: there were pay cuts and over 6,000 employees of its 27,000-strong workforce have taken no-pay leave. The group created by airline cabin crew and former crew members has about 1,600 members from SIA, SilkAir, and Scoot. The other airline in Singapore, Jetstar Asia, has axed 180 employees in June, and most of the employees in Singapore are on no-pay leave, too. The MOM has restated that retrenchment should always be considered … 07 July 2020 - 23:16 By TimesLIVE About 2,700 SAA workers will lose their jobs as part of a voluntary severance deal, according to the public enterprises department. (Photo: SIA) SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. “I think this is the worst ever, much worse than SARS (Severe Acute Respiratory Syndrome)," she said. But both he and Lin said that the company has been “fair” to them so far, given the circumstances. You can read more about the fate of air travel here: We’re officially one week away from Phase Three, and all of a sudden, things don't look so goody now. “This decision was taken in light of the long road to recovery for the global airline industry due to the debilitating impact of the Covid-19 pandemic, and the urgent need for the group’s airlines to adapt to an uncertain future.”. HDB Planning to Launch 17K BTO Flats in 2021 & Some Are in Mature... M1 Users Reported Disruption This Morning; 2nd Time in This Month, Everything About the Thailand COVID-19 Sudden Outbreak That Involved Migrant Workers. The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. Sep 12, 2020, 5:00 am SGT Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has learnt. [8] Telkom interpreted the letter as being the first sign that the Alliance intended delaying the consultation process because it requested further information despite what Telkom had provided to the unions prior to and at their first meeting. You can make sure that you know your legal rights in terms of what retrenchment benefits are due to you. The Receiver of Revenue applies the retirement tax table on retrenchment, i.e. READ: Singapore Airlines Group to cut about 4,300 positions as COVID-19 batters aviation industry, READ: SIA Group passenger carriage down 98.3% in August, some flights suspended due to COVID-19, READ: Retrenchments in Singapore spike in first half of the year, surpassing SARS peak: MOM, READ: More job losses expected for Singapore Airlines, say industry watchers, READ: Retrenched SIA Group staff offered more than 200 jobs by EtonHouse, Jumbo Group and Commonwealth Capital, LISTEN: Rethinking the role of national carriers while saving Singapore Airlines. Receive news updates and promotional material from Mediacorp and Mediacorp 's partners and save as jobs... Ll receive a retrenchment package, but she said that the road to recovery will be and... Failed oil hedges could still operate within the country retrenchment, i.e classes and charity for... 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