sia retrenchment package

Last month, SIA Group announced its decision to lay-off 4,300 positions across its airlines – Singapore Airlines, SilkAir and Scoot – as losses mounted (‘Massive layoffs at Singapore Airlines‘, 10 Sep). The Food Drinks and Allied Workers Union (FDAWU) is now working to achieve a “fair and responsible outcome” for the 159 affected employees, and it has secured the retrenchment package for workers represented under the collective agreements at the company’s four unionised hotels: Copthorne King’s Hotel, Grand Copthorne Waterfront Hotel, Orchard Hotel and M Hotel. 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).. SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. Employees who were made redundant before 31 December 2014 may have been entitled to more generous redundancy pay under an old award. They can read the article in full after signing up for a free account. 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 National Trades Union Congress (NTUC) said it could not respond to queries on the number of union members affected and the retrenchment packages its unions are seeking, citing sensitivities. 198402868E. This, while the rest of the aviation sector resort to bailouts and layoffs to contend with mounting losses and debt. Before there is a chance of getting axed unfairly, read through the employment act and talk to a lawyer about your rights, said Ms Muntaz. SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15. A severance agreement attorney will be able to review the circumstances of your termination or resignation from your company to help you understand whether you have any viable legal claims that could allow you to ask for a greater amount in severance pay. Gretchen McNamara, a senior lecturer of music and union executive committee member, explores her torn feelings about simultaneously advocating for the university and calling out its leadership. Can I get infected with Covid-19 from touching a contaminated surface? Asked about retrenchment benefits, SIA’s spokesman said: “Discussions have begun with our Singapore-based unions. Get The Straits Times app and receive breaking news alerts and more. If you think this may apply to you or for more information, Contact us. They don't agree that a voluntary retrenchment package isn't a ‘severance benefit’. A version of this article appeared in the print edition of The Straits Times on September 12, 2020, with the headline 'Retrenched SIA staff to get 1 month's pay per year of service'. The words of downsizing and retrenchment are used interchangeably. This is provided they have been in service for two years or more. Among other things, affected staff will continue to be covered for hospitalisation and surgical expenses till March 31, 2021, and where required, given repatriation support. Mon, Sep 14, 2020 - 8:48 PM [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. You have reached your limit of subscriber-only articles this month. Then, multiply this pay rate by the number of weeks. At the same time, SIA has cut … Download from the Apple App Store or Google Play Store now. SIA crew recount 'sad day' when airline announced retrenchment exercise. On Thursday, SIA announced that it would cut about 20 per cent of its staff strength, or 4,300 positions, amid the Covid-19 pandemic that has paralysed the air travel sector. About 2,400 staff will be retrenched, while the remaining 1,900 roles will be accounted for through natural attrition, a recruitment freeze and voluntary-departure schemes. CH. “SIA is working closely with them to finalise the arrangements for those who are affected so as to minimise the stress and anxiety on our people.” But what about the foreigners who work for SIA? 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. October 2, 2020. Mandatory retrenchment notifications. You have reached your limit of subscriber-only articles this month. If you have 3 directives, you can add the new one each month, but you can also apply for only one Directive, and include the Total Retrenchment amount to be paid. SPH Digital News / Copyright © 2020 Singapore Press Holdings Ltd. Co. Regn. When you get retrenched you can choose to withdraw your provident fund or put it in a preservation fund or transfer it to a retirement annuity. The spokesman said: "Our colleagues who are still in Singapore will also be given sufficient time to settle their personal affairs before returning to their home countries.". The retrenchment exercise - which affects about 2,400 staff - is being conducted at the SIA Training Centre, near Changi Airport, for Singapore-based staff. Ministry of Manpower. This includes a comprehensive set of support initiatives, for example, extended in-patient medical coverage for up to a year following retrenchment, professional outplacement services, and a learning subsidy, where applicable,” she said. SIA has initiated the retrenchment exercise as a last step in response to the current operating environment, following earlier moves to stringently manage costs. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Each affected employee will also be paid in lieu of the notice period in their employment contract. 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 … Most Upvote. Who is eligible. Notice pay Get unlimited access to all stories at $0.99/month for the first 3 months. Evidence builds that an early mutation made the Covid-19 pandemic harder to stop. Level 7. The benefits are in accordance with the group's collective agreements with its unions. All rights reserved. Answers (1) Sort By . The gift link for this subscriber-only article has expired. You can read this subscriber-only article in full, All done! Until we resolve the issues, subscribers need not log in to access ST Digital articles. If you earn $39,000 a year, then you make $750 a week. 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. SIA is working closely with them to finalise the arrangements for those who are affected so as to minimise the stress and anxiety on our people.". But a log-in is still required for our PDFs. Can I get infected with Covid-19 from touching a contaminated surface? The terms of the release package were explained individually to each affected staff,” a spokesman said. Thread starter JohnTan; Start date Sep 14, 2020; JohnTan Alfrescian (InfP) Generous Asset. 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 … Retrenchment is only hurting ordinary workers, nothing to do with the pockets and lavish lifestyles of the board and C-suite. By registering, you agree to our T&C and Privacy Policy. In short, retrenchment occurs as a consequence of redundancy. He also confirmed that employees must inform the school via letter or email of their chosen package on or before November 25. 1 answer. Answered 9h ago. They can read the article in full after signing up for a free account. A spokesman would only say that those affected include members of the Scoot Staff Union and Singapore Airlines Staff Union, both of which are NTUC-affiliated. 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. He said: "Our colleagues who are still in Singapore will also be given sufficient time to settle their personal affairs before returning to their home countries.". So far, Lin has not received the dreaded retrenchment email, but she said that everyone was anxious when the news broke. "In the meantime, a special early retirement package has been offered to certain staff with at least 25 years'' service, if they wish to take advantage of it," the spokesman said. They will also retain their medical and other benefits until then. In so doing, it can guide future research on the causal determinants of successful welfare state retrenchment. They also go on to state that the Income Tax Act doesn’t distinguish between voluntary and forced retrenchment and that the termination of office (for whatever reason) falls within the definition of a severance benefit and should therefore be taxed accordingly. READ MORE: SIA Group to slash about 4,300 jobs. This is provided they have been in … For foreign staff affected, arrangements will be made and sufficient time given for those who are currently overseas to return to Singapore to settle their affairs here. 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. Consultation must take place as soon as the employer contemplates retrenchment. This way, the company can save on severance packages. As for the parent national carrier, the retrenchment exercise will start on Monday. ""The terms of the release package were explained individually to each affected staff. Share this page Share this page on facebook Tweet this page Email this page Print this page Information and Services. The National Trades Union Congress (NTUC) said it could not respond to queries on the number of union members affected and the retrenchment packages its unions are seeking, citing sensitivities. Retrenchment is the dismissal of employees who have become surplus to the needs of the organisation. Sign up for our daily updates here and get the latest news delivered to your inbox. Those with less than 2 years’ service could be granted an ex-gratia payment out of goodwill. 198402868E. Cory Diary : Repricing Home Loan Package In a few more months time, my current package will be available to be repriced which was on package based on 2.38% Fixed for 2 years after which FHR8 + 1.88% (0.6%+1.88% = 2.48%) where FH is the Period 8 months reference to the column above. Being a MISA member, also entitles the employee to a retrenchment benefit, a once-off payment subject to certain criteria. Retrenchment benefits are payments given to employees to compensate them for the loss of employment. SIA Engineering - Profit guidance for the unaudited consolidated financial results for the second quarter and the half year ended 30 September 2020 (“1H FY2020-21”). As for the parent national carrier, the exercise will start on Monday. SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15 September 14, 2020 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. AsiaOne - 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. Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. Each affected employee will also be paid in lieu of the notice period in their employment contract. Chitchat SIA Starts Retrenchment Today 14 Sept 2020 With 6 Months Pay, Free Taxi Rides And Snacks! 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