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(Sept. 19): Singapore Airlines Ltd. pilots agreed to make further pay cuts to stay in employment, the airline said Saturday.
City-State Flag Carrier and Airline Pilots Association: Singapore reached the deal on Friday and the company will implement the measures for all remaining pilots on Singapore Airlines and SilkAir from October 1. The deal will help mitigate further job losses. for pilots, it said.
Under the deal, the salaries of re-employed captains and first officers will be cut by 60% and 50% respectively, the Straits Times reported, citing an internal circular. This includes a 10% reduction in the monthly variable component of his salary, according to the newspaper.
Captains currently employed will have their salaries reduced by up to 28.5%, while the salaries of first officers will be reduced by up to 18.5%, according to the newspaper. The deal runs through March 31, 2022, according to the Straits Times.
The troubled airline announced earlier this month that it will cut 20% of its workforce, or about 4,300 jobs, at its business and the SilkAir and Scoot units as it struggles amid a stalemate in international air travel. The company put staff on leave without pay, and pilots and cabin crew who do not fly are no longer receiving flight assignments, according to a Straits Times report in August.
Unlike many of its peers, Singapore Airlines initially managed to withstand job cuts, although some employees were reassigned to work in hospitals, social services and on Singapore’s transportation network.
The airline operated at approximately 8% of passenger capacity in August. It carried around 40,000 passengers last month, compared to 3.3 million the previous year.
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