SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. The group created by airline cabin crew and former crew members has about 1,600 members from SIA, SilkAir, and Scoot. So far, Lin has not received the dreaded retrenchment email, but she said that everyone was anxious when the news broke. On top of that, there is a variable component and allowances tied to the number of hours they fly. 2020 has given rise to many challenges for employers. Industry groups have also forecast that passenger traffic will not return to pre-COVID levels until around 2024. 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. … Of those, the bulk - more than 17,000 - … Tip: Be able to pay your debt even when you get retrenched. SIA expects to operate under 50% of its capacity at the end of financial year 2020/21 versus pre-Covid levels. In 2003, when the SARS outbreak hit Asia, SIA retrenched hundreds of staff. SIA reported a net loss of S$212 million for the 12 months ending 31 Mar 2020. Unemployment is one of the biggest problems in South Africa. “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.”. They will also retain their medical and other benefits until then. SAA begins retrenchment process, nearly 5000 employees to be affected By African News Agency Mar 9, 2020 Share this article: Share Tweet Share Share Share Email Share Cape Town - … The retrenchment exercise at SIA, one of the bigger ones by a company in Singapore this year, comes as little surprise as the airline industry battles its biggest crisis yet. The terms of the release package were explained individually to each affected staff," a spokesman said. 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”. 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. The package for the retrenchment of about 9,000 employees … Eventually we realised this is something that’s in for the long run.”. We have posted job opportunities on our Employee Support Portal, and placed more than 500 staff thus far.". “I think this is the worst ever, much worse than SARS (Severe Acute Respiratory Syndrome)," she said. 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. Five myths about payroll tax deductions (Editor's Pick) ... a retrenchment package, might not be taxed on the payroll because there is a once-off R500 000 lifetime exemption for lumpsum payments in respect of retrenchment, retirement or death. 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. Collectively, SIA, SilkAir and Scoot employed over 21,000 staff at the end of the previous financial year. SINGAPORE - Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has … The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. Attached Files. A spokesman said that these employees will be provided more information in the coming days. Affected staff will receive salaries in place of their notice period, and those with the airline for more than two years will get an additional … By African News ... "Load factors on the airline have declined steadily from August 2019 to a low of 71 percent in January 2020. (Photo: SIA) SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. BT understands from sources that the number of Singaporeans affected by lay-offs are a … *At their request, CNA is not using the real names of the SIA staff quoted in this article. Employees who have served the company for at least 2 years are eligible for retrenchment benefits. All three staff members CNA spoke to, two of whom are cabin crew and one from SIA headquarters, said that their salaries plunged by about 50 per cent after their work hours were reduced since April. You can make sure that you know your legal rights in terms of what retrenchment benefits are due to you. June 8, 2020 October 4, 2020 by BurgieLaw The Government of Malaysia announced yesterday (7.6.2020) the extension of Movement Control Order to 31 August 2020, albeit in a more relaxed environment. This is not a reflection of the strengths and capabilities of those who will be affected, but the result of an unprecedented global crisis that has engulfed the airline industry. In 1796, the British doctor Edward Jenner developed a vaccine to combat the deadly smallpox virus. The department said the retrenchment packages "will be supported by a social plan and skills development programme" for those who lost their jobs. Why Ah Beng threw butter out of the window? It looks like the email address you entered is not valid. Five myths about payroll tax deductions (Editor's Pick) ... a retrenchment package, might not be taxed on the payroll because there is a once-off R500 000 lifetime exemption for lumpsum payments in 8. This year, she has been called up for one flight a month since April. The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. Affected staff will receive salaries in place of their notice period, and those with the airline for more than two years will get an additional month’s pay for each year of service, capped at 25 months. 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. Trainees and non-Singaporeans were among some of the first to be let go, interviewees told CNA. When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for? 07 July 2020 - 23:16 By TimesLIVE. 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. The Receiver of Revenue applies the retirement tax table on retrenchment, i.e. SAA begins retrenchment process, nearly 5000 employees to be affected. “It was really a very sad day for all of us, nobody wanted anybody to go.”. “The next few weeks will be some of the toughest in the history of the SIA Group as some of our friends and colleagues leave the company. Copyright© Mediacorp 2020. The Ministry of Human Resources has taken the position that retrenchment of employees is the prerogative of the employer, but employers should ensure that they comply with these 3 basic requirements: SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. The Protection of Personal Information Act 4 of 2013 (POPI) poses yet another challenge. 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. The reference to two packages appears to have been a reference to the proposed ordinary retrenchment package and the voluntary separation package. But both he and Lin said that the company has been “fair” to them so far, given the circumstances. 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 Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. Created on 19 Nov 2020 8. "Over the past few months, our focus has been on finding temporary or contract employment for our members who may be displaced. October 14, 2020 December 16, 2020 (Updated on 17.10.2020 @ 930am) Many questions were posed as to which SOP a strata scheme should be adhering to. They added, “Relative to most major airlines in the world, the SIA Group is in an even more vulnerable position as it does not have a domestic market that will be the first to see a recovery. 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 SINGAPORE - 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. SIA also arranged for counsellors, medical staff, and members of its unions to be present to provide support. THE BUSINESS TIMES retrenchment - Find retrenchment News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. The two companies join EtonHouse International Education Group, who recently also pledged jobs to those affected by SIA Group's retrenchment exercise. JustMoney looks at how your retrenchment package is taxed. For employees who have seen pay cuts, SIA said that it has also been helping them find temporary job opportunities outside the organisation: "We have waived our exclusive service for cabin crew who wish to take up such jobs. Mediacorp Pte Ltd. All rights reserved. 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. Unfortunately it has begun . More cases of disguised retrenchments – workers getting laid off without their employers treating it as a retrenchment to avoid paying a fair package – are surfacing. The aviation industry is currently still reeling from the impact of Covid-19, and Singapore Airlines (SIA) is no exception — they announced that they’re letting go of about 2,400 more staff on Monday (14 Sep).. A retrenchment package may include any or all of the following, severance pay (cash), gratuity (cash) and other material benefits like motor vehicles, … SIA crew recount 'sad day' when airline announced retrenchment exercise. The MOM has restated that retrenchment should always be considered … Separately, MOM has also issued an Advisory on retrenchment benefits payable to retrenched employees as a result of business difficulties due to COVID-19 on 20 May 2020. There are also ground-up initiatives such as Facebook group Cabin Crew United, which was started to support airline crew on furlough or who lost their jobs. We will conduct this process in a fair and respectful manner, and do our best to ensure that they receive all the necessary support during this very trying time.”. SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. This means a large pay cut as the basic salaries for cabin crew are only a portion of their pay. Prospective BTO couples... heads up. #shorts, 6 Asian Myths That Aren’t True (Based on Science! They will also retain their medical and other benefits until then. Retrenchment benefits may seem few and far between. It’s a bit chim to explain the rationale behind that, so just remember this: even if COVID-19 is completely defeated by the end of this year, fewer people are going to travel next year. South Africa is now entering a ‘retrenchment season’ as it grapples with the impact of the coronavirus lockdown, says law firm Cliffe Dekker Hofmeyr. [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. In talks with the department, retrenchment packages offered to workers were sweetened. Check out top news from Singapore and around the world. Last year, Lin was flying nearly constantly with seven to 10 flights a month. Created on 20 Nov 2020 7. The initial rescue plan proposed cutting SAA jobs from 4,708 to 1,000. As usual, the unions would be working with the affected staff. In July, SIA reported its largest quarterly loss on record—a whopping $1.12 billion net loss. Industry groups have also forecast that passenger traffic will not return to pre-COVID levels until around 2024. SIA reported a net loss of S$212 million for the 12 months ending 31 Mar 2020. In part, SIA’s losses also stemmed from the US$638 million in charges it took on . Created on 20 Nov 2020 7. *At their request, CNA is not using the real names of the SIA staff quoted in this article. SINGAPORE — A number of StarHub staff were left in shock, and tears, at the telco’s headquarters in Ubi this week, as they received news that they had been retrenched from their jobs. She knows of colleagues who have had to take part-time jobs to get by, but decided to tighten her belt for now while she waits out this unprecedented crisis in the airline’s 48 year history. Do the maths and you’ll know how badly the company is bleeding. SINGAPORE – Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. Voluntary Retrenchment - What is voluntary retrenchment? SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. On the eve of a crucial meeting with SAA creditors, the airline’s 617 pilots are vexed by the retrenchment packages they have been offered. This year isn't a great year for most people. ), When You Exercise & Eat at the Same Time #shorts, 10 COVID-19 Cases Today (21 Dec); 1 Case in the Community, Here’s How the 3 Main COVID-19 Vaccines Work Simplified for You. 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. Who is eligible. The airline employees welcomed the break at first, but as the COVID-19 outbreak drags on and airplanes remain grounded, the uncertainty has been unsettling, they said. Colleagues gathered for “one last drink” as they waited to see who got the cut. (Photo: SIA) (Photo: SIA) SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. Location: Australia. That was around the time that many countries were putting entry restrictions in place to protect against imported COVID-19 cases. This service is not intended for persons residing in the EU. Here’s the thing: things won’t go back to normal even if a vaccine is developed tomorrow. 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 A retrenchment package could include: - 3 Months Notice Pay - Severage Package - Service Allowance - Relocation Allowance - Medical Aid for 3 - 6 Months - Purchase of assets at book value TAXATION Tax concessions apply to retrenchment amounts received - See FAQ Topic 'Tax - Retrenchment'. From the outset, our priorities were to ensure our survival and save as many jobs as possible. Image: Business Day An additional 1,700 have taken jobs in other organisations. South Africa is now entering a ‘retrenchment season’ as it grapples with the impact of the coronavirus lockdown, says law firm Cliffe Dekker Hofmeyr. It is a very sad time indeed. "During the exercise, SIA deployed resources from across the company to support the affected staff. 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. But not Singapore, because no one takes a plane from Changi Airport to Seletar Airport. It has also been providing online content, and organised classes and charity drives for migrant workers to help engage its members. Today (10 September), during a virtual townhall, staff were told that 2,400 people would be axed. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Mr Ng Chee Meng, the man who’s had more headaches recently, has taken to Facebook to express a “deep sense of loss and sadness.”, When I sent off our FlyScoot team who volunteered to bring Singaporeans back from Wuhan earlier this year, there was a…, Posted by Ng Chee Meng 黄志明 on Thursday, 10 September 2020, According to NTUC, the unions have been working closing to avoid a retrenchment for the last six months, but like what NTUC deputy secretary-general Cham Hui Fong said, “Regrettably, these efforts were insufficient to avoid it completely and overcome the severity and prolonged impact of the Covid-19 pandemic.”. They started handing out pink slips to retrenched staff on 11 Sept, with details on compensation packages. The airline cut 96 per cent of its capacity. He is now thinking about taking up part-time work so that he can continue saving for the future. Follow the latest news on retrenchment at TODAYonline. While expenses have dropped by 51.6%, the revenue for the group dropped by 79.3%. On top of this, each affected employee will […] Employers have a grace period of one year as of 1 July 2020 within which to ensure . 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. SIA RETRENCHMENT Unfortunately it has begun . . SIA Engineering joint venture reportedly retrenched 144 employees within 3 days in July Some retrenched employees said that many veteran workers were also laid off. The Ministry of Human Resources has taken Industry groups have forecast that passenger traffic will not return to previous levels until around 2024. [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. It has skipped an interim dividend "in view of the significant loss incurred and the need to conserve cash". “In order to remain viable in this uncertain landscape, the Group’s airlines will operate a smaller fleet for a reduced network compared to their pre-Covid operations in the coming years.”. Get help early before deciding to retrench If you need any of the following, you can submit an early alert to us: Get information on government assistance schemes to support your restructuring exercise. In 2003, when the SARS outbreak hit Asia, SIA retrenched hundreds of staff. When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for? Alice*, who has been with the airline for decades, said that she's working reduced hours, but knows of people who took early retirement packages. SINGAPORE - Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. Understand how to apply the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment. of its 27,000-strong workforce have taken no-pay leave. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. SIA had announced that it would slash about 20 per cent of its headcount - about 4,300 positions - amid the COVID-19 pandemic that has paralyzed the air travel sector. Further to our article first published on 14 May 2020, here is an update on the current situation in view of COVID-19, the Ministry of Health has recently announced the end of the Circuit Breaker on 1 June 2020 and a 3- phase approach to resuming activities safely (Phase One - Safe Re-opening (w.e.f 2 June 2020), Phase Two - Safe Transition and Phase Three - Safe Nation). your retrenchment package (usually a few weeks’ pay for every year or service) and retirement fund balance attract tax…The first R500 000 is not taxed, assuming of course that you have not made previous withdrawals. In other words, they could’ve retrenched 4,200 people instead. Well, it has begun. In the 4th quarter alone (Jan – Mar 2020), it lost S$732 million. Singapore Airlines Chief Executive Officer Goh Choon Phong said: “When the battle against Covid-19 began early this year, none of us could have predicted its devastating impact on the global aviation industry. This has been a community effort and it has been heartening to see former cabin crew reaching out to their peers on this front,” said Mr Ruben Brandon, a former cabin crew and one of the founders of Cabin Crew United. SIA has said it expects to operate under 50 per cent of its capacity at the end of financial year 2020/21. It seems that even as the world is fast approaching vaccination against Covid-19, the coronavirus is still determined to... How to Use “Ok Boomer” in an Office #shorts. You can read this article whereby we simplify everything for you. “Having to let go of our valuable and dedicated people is the hardest and most agonising decision that I have had to make in my 30 years with SIA. It took on also arranged for counsellors, medical staff, and placed more than 17,000 - from! They waited to see who got the cut Edward Jenner developed a vaccine combat... Far, Lin has not received the dreaded retrenchment email, but do you how! 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