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Singapore Airlines Says Not Cutting Salaries

Posted in Airline News, Singapore AirlinesNo comments

SINGAPORE Airlines (SIA), the world’s largest airline by market value, said on Tuesday it is not looking to cut staff salaries to cope with a severe global economic slowdown.
‘There are existing mechanisms in place which determine how much of the variable component of staff salaries need to be suspended, but we are not at that point where we are looking at it now,’ SIA spokesman Stephen Forshaw said in e-mail response to a Reuters query. —

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