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Grab Singapore has announced that its senior management has cut wages by as much as 20%, while staff members will need to apply for an unpaid leave as their business has been affected by Covid-19, according to a Narrow times report.
“As our earnings continue to drop, Grab’s top leaders have cut their wages by up to 20% and Grab staff have also been encouraged to take unpaid vacations voluntarily,” said the company’s chief transportation officer, Andrew. Chan, in a note to the drivers. April 29.
Chan said the company had hoped that stricter measures for Singapore’s circuit breakers would be lifted next week and that “people can resume their daily lives.” However, Singapore Prime Minister Lee Hsien Loong announced on April 21 that the switch period has been extended to June 1.
The circuit breaker is the country’s equivalent to the Malaysian Movement Control Order (MCO), where people are encouraged to stay home as much as possible, are not allowed to go out in groups or as a home, and where they are required to F&B establishments that sell desserts close their stores. , based on guidelines published by the Singapore government.
“We may no longer be able to provide additional financial support if the circuit breaker extends beyond June 1.”
Grab Singapore is currently assisting driver partners whose earnings were also affected during the Covid-19 pandemic by reducing the commission rate imposed on them by at least 50%. Drivers who rent cars from Grab will also not have to pay any commission until May 10, the Narrow times Declared report.
The company has announced some terms and conditions for driving partners who want to get full commission exemption, such as requiring them to complete at least 10 food or package deliveries each week. If they do not meet the criteria, the driver-partner will have to pay a 5% commission.
Drivers also get a weekly payment of either Sg $ 45 (RM137) or Sg $ 85 (RM269). The measure will last until the end of May.
“Expanding assistance was not an easy decision, Grab’s business was also seriously affected. It took us a few days to confirm this as we needed to divert some funds,” Chan said.
Narrow times He stated that the funds were diverted from schemes such as better-performing driver incentives and cancellation compensation.
Singapore announced 528 new cases of Covid-19 on April 30, bringing the total number of confirmed cases to 16,169 according to a recent Reuters report.
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