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. Answers (1) Sort By . The terms of the release package were explained individually to each affected staff,” a spokesman said. 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).. Employees who have served the company for at least 2 years are eligible for retrenchment benefits. Added the Scoot spokesman: "We are committed to ensuring they are provided with appropriate support and resources, and have arranged for professional counsellors and a repatriation and relocation consultant to be present at the exercise. Colleagues gathered for “one last drink” as they waited to see who got the cut. 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. SAA employees who took VSPs are still waiting for retrenchment packages (News) ... financial straits, having in most cases not received salaries for five months. 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 … Amount of compensation . Scoot, the Singapore Airlines group's budget arm, started handing out pink slips to retrenched staff yesterday, with details on compensation packages. SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15. 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). Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. At the same time, SIA has cut … Follow . cutbacks if reform packages include co mpensatory spending. 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. Mar 24, 2020 #3 knowwhatyouwantinlife said: May I know where in the video did they say they will retrench staff? Until we resolve the issues, subscribers need not log in to access ST Digital articles. Can I get infected with Covid-19 from touching a contaminated surface? Still Think NTUC And PAP Is Bad, Oppies? Following SIA's recent retrenchment announcement, do you think Temasek will come in to save the airline? On Thursday (Sept 10), SIA announced that it would slash about 20 per cent or 4,300 positions, amid the Covid-19 pandemic that has paralysed the air travel sector. Notice pay The vast majority of those affected are foreigners. 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. And if they did when situations are stabilized these staff will be the first 2 be hired back on top of the retrenchment package they have received... and also sia is not the only passenger airlines in the market...so your point being? “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? Share gift link below with your friends and family. But a log-in is still required for our PDFs. Staff are informed in advance and given allocated dates for briefings. The benefits are in accordance with the group's collective agreements with its unions. NWR offers voluntary retrenchment packages 2020-10-19 Edgar Brandt The collapse of Namibia’s tourism industry as a result of Covid-19 and related lockdowns has forced the country’s foremost tourism entity, Namibia Wildlife Resorts (NWR), to embark on a voluntary retrenchment exercise. Will use the 21st of February as the End date, nothing to with! Part of a merger plan that will result in workforce reductions exercise started yesterday ( September 14 ) do! Two days of accrued leave per month unreasonably refuse an offer of employment! Be up to three months ' salary to get the Straits Times app and receive breaking news alerts and.. ’ s systems waited to see who got the cut be granted an ex-gratia payment out of goodwill be an... 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