COVID-19: Singapore Airlines slashes 96% of capacity, grounds most planes

[Soya]

13 hours ago, RadX said:

It’s hantu on a plane liao 👻

Yeah. Heard it's eerily quiet in Alice Springs right now....

[inlinesix]

Saw OYK FB post

Then I saw this comment

[Wt_know]

lai liao ... Suite class how much?  

[Karoon]

C'mon vaccine fellas.... do your magic!

[Jellandross]

Credit to SIA for at least taking care of long service staff especially the junior ones. 25mth cap is unheard of in today's market. Hopefully can help these staff to survive awhile and fight another day.

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. This is provided they have been in service for two years or more. 

Each affected employee will also be paid in lieu of the notice period in their employment contract. This can be up to three months' salary.

https://www.straitstimes.com/singapore/manpower/one-month-pay-for-every-year-of-service-capped-at-25-months-for-retrenched-sia

 

Edited September 14, 2020 by Jellandross

[inlinesix]

Quote

Retrenched SIA Group staff offered more than 200 jobs by EtonHouse, Jumbo Group and Commonwealth Capital

https://www.channelnewsasia.com/news/business/sia-retrenched-staff-jobs-etonhouse-jumbo-commonwealth-capital-13108706

[Alfc]

7 minutes ago, Jellandross said:

Credit to SIA for at least taking care of long service staff especially the junior ones. 25mth cap is unheard of in today's market. Hopefully can help these staff to survive awhile and fight another day.

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. This is provided they have been in service for two years or more. 

Each affected employee will also be paid in lieu of the notice period in their employment contract. This can be up to three months' salary.

https://www.straitstimes.com/singapore/manpower/one-month-pay-for-every-year-of-service-capped-at-25-months-for-retrenched-sia

 

Not disclosed but likely the 1-year 1 month applies only for basic salary (excl flight allowances which forms a substantial portion). Nevertheless, a high capping always welcomed for the affected.

 

[ToyotaShuttle]

On 9/11/2020 at 9:36 AM, Soya said:

Yeah. Heard it's eerily quiet in Alice Springs right now....

We are still the best. See the photo. All the big planes are ours!

[inlinesix]

Quote

Qantas CEO's pay falls 83% due to coronavirus pandemic

https://www.straitstimes.com/business/companies-markets/qantas-ceos-pay-falls-83-due-to-coronavirus-pandemic

Quote

The airline said Mr Joyce took no salary from April to July this year as revenues collapsed, before returning to 65 per cent of his base salary in August.

Part of the decline in Mr Joyce's total pay was because he offered, and the board agreed, to not receive 345,000 shares associated with a long-term incentive from 2017, Qantas said.

It added that a decision on whether those shares will ultimately vest or lapse has been deferred until at least August 2021.

 

[Wt_know]

$1.7M salary only  ... 

life must be very cham down under ... hehe

Quote

Mr Joyce's total pay was A$1.7 million (S$1.68 million) in the financial year, down from A$9.9 million a year earlier, Qantas said in a statement.

Edited September 19, 2020 by Wt_know

[Thaiyotakamli]

On 9/12/2020 at 7:43 AM, Wt_know said:

lai liao ... Suite class how much?  

Can deduct $100 tourism voucher😂

[Yewheng]

8 hours ago, Wt_know said:

$1.7M salary only  ... 

life must be very cham down under ... hehe

Talking about this.. How much income tax he need to pay for his A$9.9million last year? Lucky the pandamic start at the beginning of the year. Imagine if get huge pay cut and then still need to pay income taxes in millions of dollars. Like that his salaries actually is in negative. Coz in theory all his 1.8million dollars salaries all goes to pay for his income tax for last Yr and still not enough.. 

Edited September 19, 2020 by Yewheng

[Wind30]

a pretty good article on Sia fuel hedge. I totally share his sentiment that the fuel hedges were just a bad strategy by the ceo

https://web.facebook.com/limsenghoo/posts/3637501299613888

Edited September 19, 2020 by Wind30

[Wt_know]

4 hours ago, Yewheng said:

Talking about this.. How much income tax he need to pay for his A$9.9million last year? Lucky the pandamic start at the beginning of the year. Imagine if get huge pay cut and then still need to pay income taxes in millions of dollars. Like that his salaries actually is in negative. Coz in theory all his 1.8million dollars salaries all goes to pay for his income tax for last Yr and still not enough.. 

income tax is for last year income la

so he earned A$9.9 million no need to pay?

[Volvobrick]

5 hours ago, Yewheng said:

Talking about this.. How much income tax he need to pay for his A$9.9million last year? Lucky the pandamic start at the beginning of the year. Imagine if get huge pay cut and then still need to pay income taxes in millions of dollars. Like that his salaries actually is in negative. Coz in theory all his 1.8million dollars salaries all goes to pay for his income tax for last Yr and still not enough.. 

45% highest tier. Poor guy! 😅

[Freeder]

3 hours ago, Wind30 said:

a pretty good article on Sia fuel hedge. I totally share his sentiment that the fuel hedges were just a bad strategy by the ceo

https://web.facebook.com/limsenghoo/posts/3637501299613888

Can cc to Jamus for his take on this?

The next MP is going to cry soon..

[Wt_know]

42 minutes ago, Volvobrick said:

45% highest tier. Poor guy! 😅

give me A$9.9M, i willingly pay 55% tax ...  

aiya ... a lot of the pay is in option, allowance and shares? no need to pay tax type?  

buffet said he pay less tax than his secretary who work 9-to-5 ... lol

[Throttle2]

Property huat!