Captain P. James , Alpa-S president (photo), said, Pilots at Singapore Airlines (SIA) have agreed to take no-pay leave as well as a pay cut from July 1, the latest in a string of cost-cutting measures as the global airline industry takes a battering.
- The carrier also said its management staff and board of directors have agreed to a pay cut of at least 10 per cent, which, all up, will help SIA save about S$21 million (RM51 million) in costs this financial year.
- An agreement between SIA and the Air Line Pilots Association-Singapore (Alpa-S) was finally signed on Thursday after months of tough negotiations.
- The official agreement comes more than a month after an interim deal was reached, where its pilots agreed to take one day of compulsory leave a month.
- “We reached this agreement with two objectives – to help the company remain profitable and to save jobs,” said Captain P. James, Alpa-S president.
- Said SIA: “The terms of the agreement with Alpa-S were determined by the surplus in pilot resources arising from the reduced flight schedules,” as the airline had cut back flights following the sharp fall in demand for air travel.
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