Most Upvote. They will also retain their medical and other benefits until then. However, the main legislation governing this SIA also arranged for on-site counsellors and medical staff, and provided transport to and from their homes." SAA … The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. No. What’s more, the employer must state, in writing, the reasons for the retrenchment; why the alternatives that were discussed in the consultation aren’t feasible; how many employees will be affected; and how they were selected. 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. The Straits Times also understands that the Air Line Pilots Association - Singapore has requested a meeting with the Ministry of Manpower next week, although it is not clear what will be discussed. This is provided they have been in service for two years or more. You can read this subscriber-only article in full, All done! 2,400 SIA staff affected by job cuts amid Covid-19 fallout, Coronavirus: SIA offers cabin crew early retirement and release as part of further cost-cutting measures, 6,000 SIA Group staff take no-pay leave, so firm can cope with crisis due to Covid-19 pandemic, SIA faces hard choices, sooner rather than later, 5 new Covid-19 cases in S'pore, with 1 in the community, Americans should brace for 'surge upon surge' of coronavirus, US experts warn, Baseless Covid-19 cure-alls rampant in Malaysia despite authorities' warning, South Korea decides against tightening Covid-19 rules despite third wave, Infected after holiday to Europe, pregnant S'pore mum gives birth to baby with Covid-19 antibodies, Anger grows at Hong Kong's erratic Covid-19 rules as cases mount, More Covid-19 cases may emerge from Seoul Garden dinner but major cluster unlikely, Nations firm up on strategies for Covid-19 vaccination. Union members were … In a Nutshell, when an employee is retrenched, he/she is entitled to a retrenchment package that consists of payment for years of service as well as all statutory payments. Retrenchment benefits are payments given to employees to compensate them for the loss of employment. ""The terms of the release package were explained individually to each affected staff. 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. M1 retrenched 50 S'pore staff in Feb. 2020. Indeed, SIA already warned shareholders that it expects to see further hedging losses. You have reached your limit of subscriber-only articles this month. They can read the article in full after signing up for a free account. Get The Straits Times app and receive breaking news alerts and more. SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15. SPH Digital News / Copyright © 2020 Singapore Press Holdings Ltd. Co. Regn. And it’s unclear if and when the companies, both synonymous with the city-state’s role as a transit hub, will regain their past heights. A total of 9,120 Singaporeans were retrenched from 1,247 companies last year, said the Taskforce for Responsible Retrenchment and Employment Facilitation, which shared its latest figures on Wednesday. The words of downsizing and retrenchment are used interchangeably. Retrenchment or downsizing can happen when the business no longer requires the same number of employees it used to because the functions of the employee have either ceased or diminished to a significant extent. Said its spokesman: "Scoot will notify our affected employees and provide them with more information on the arrangements progressively from today across the next few days.". Share gift link below with your friends and family. 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).. If you earn $39,000 a year, then you make $750 a week. “If retrenchment is inevitable, employers should provide retrenchment benefit depending on their financial position.” If you’re ‘doing okay’ financially, MOM advised to continue to pay retrenchment benefits according to existing employment contracts, collective agreements, or the prevailing norms for retrenchment benefit – between two weeks and one month salary per year of service. By registering, you agree to our T&C and Privacy Policy. However, retrenchment does not include termination of contract due to other reasons such as illegality or frustration or dismissal on the ground of misconduct (Ayadurai, 1998). 198402868E. After the deadline, only the retrenchment package will apply. They don't agree that a voluntary retrenchment package isn't a ‘severance benefit’. Mar 24, 2020 #3 knowwhatyouwantinlife said: May I know where in the video did they say they will retrench staff? Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. SIA has also provided additional assistance, where possible and necessary. slash about 20 per cent or 4,300 positions, 2,400 SIA staff affected by job cuts amid Covid-19 fallout, Coronavirus: SIA offers cabin crew early retirement and release as part of further cost-cutting measures, 6,000 SIA Group staff take no-pay leave, so firm can cope with crisis due to Covid-19 pandemic, SIA faces hard choices, sooner rather than later, 5 new Covid-19 cases in S'pore, with 1 in the community, Americans should brace for 'surge upon surge' of coronavirus, US experts warn, Baseless Covid-19 cure-alls rampant in Malaysia despite authorities' warning, South Korea decides against tightening Covid-19 rules despite third wave, Infected after holiday to Europe, pregnant S'pore mum gives birth to baby with Covid-19 antibodies, Anger grows at Hong Kong's erratic Covid-19 rules as cases mount, More Covid-19 cases may emerge from Seoul Garden dinner but major cluster unlikely, Nations firm up on strategies for Covid-19 vaccination. In short, retrenchment occurs as a consequence of redundancy. Retrenchment is only hurting ordinary workers, nothing to do with the pockets and lavish lifestyles of the board and C-suite. At the same time, SIA has cut … SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15. 198402868E. Sign up for our daily updates here and get the latest news delivered to your inbox. You have reached your limit of subscriber-only articles this month. SINGAPORE – Singapore’s aviation industry icons, Singapore Airlines (SIA) and Changi Airport Group (CAG), are weathering an unprecedented crisis caused by Covid-19. 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. 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