Asked about retrenchment benefits, SIA's spokesman said: "Discussions have begun with our Singapore-based unions. Most Upvote. Being a MISA member, also entitles the employee to a retrenchment benefit, a once-off payment subject to certain criteria. Following the announcement, Transport Minister Ong Ye Kung took to his Facebook noting that the Government has rolled out support measures – such as the Accordingly, you would divide your yearly salary by 52 to get the weekly pay rate. Thread starter JohnTan; Start date Sep 14, 2020; JohnTan Alfrescian (InfP) Generous Asset. Retrenchment benefits are payments given to employees to compensate them for the loss of employment. They don't agree that a voluntary retrenchment package isn't a ‘severance benefit’. 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. Colleagues gathered for “one last drink” as they waited to see who got the cut. Scoot, the group's budget arm, started handing out pink slips to retrenched staff yesterday, with details on compensation packages. Mar 24, 2020 #3 knowwhatyouwantinlife said: May I know where in the video did they say they will retrench staff? SIA has initiated the retrenchment exercise as a last step in response to the current operating environment, following earlier moves to stringently manage costs. “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? Under the JSS, which is scheduled to cease this month barring any extension, the Singapore government will co-fund between 25 per cent and 75 per cent of the first S$4,600 (RM14,071.07) of an employee’s gross monthly wages, with three main payouts in April, July and October. Then, multiply this pay rate by the number of weeks. Outstanding leave to be paid out. Employees who have served the company for at least 2 years are eligible for retrenchment benefits. This is provided they have been in service for two years or more. HCDC, meanwhile, will not cease operations despite the retrenchment of a large number of employees. Among other things, affected staff will continue to be covered for hospitalisation and surgical expenses till March 31, 2021, and where required, given repatriation support. WALVIS BAY – The 210 employees of the Saga and Geysir trawlers, who were retrenched earlier this month, will receive a month and a half’s salary, severance pay of 1.5 weeks as well as a bonus of N$10 000. They can read the article in full after signing up for a free account. Notice pay Half of the staff let go accepted roles with outsourced vendor that supports M1’s systems. Voluntary Retrenchment - What is voluntary retrenchment? 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. Share gift link below with your friends and family. On the eve of a crucial meeting with SAA creditors, the airline’s 617 pilots are vexed by the retrenchment packages they have been offered. Gretchen McNamara, a senior lecturer of music and union executive committee member, explores her torn feelings about simultaneously advocating for the university and calling out its leadership. 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.". This way, the company can save on severance packages. Still Think NTUC And PAP Is Bad, Oppies? The benefits are in accordance with the group's collective agreements with its unions. The retrenchment exercise - which affects about 2,400 staff - is being conducted at the SIA Training Centre, near Changi Airport, for Singapore-based staff. Grand Master. But a log-in is still required for our PDFs. “The impacted employees will get a retrenchment package that is above that which is provided for by the tripartite guidelines. Loyal. If you worked for the company for 10 years, then you would get $7,500 in severance. On Thursday, SIA announced that it would cut about 20 per cent of its staff strength, or 4,300 positions, amid the Covid-19 pandemic that has paralysed the air travel sector. This, while the rest of the aviation sector resort to bailouts and layoffs to contend with mounting losses and debt. M1 retrenched 50 S'pore staff in Feb. 2020. The benefits are in accordance with the group's collective agreements with its unions. They will also retain their medical and other benefits until then. 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. They can read the article in full after signing up for a free account. Amount of compensation . More cases of disguised retrenchments – workers getting laid off without their employers treating it as a retrenchment to avoid paying a fair package – are surfacing. You have reached your limit of subscriber-only articles this month. SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15. 2. Social media. Evidence builds that an early mutation made the Covid-19 pandemic harder to stop. However, the main legislation governing this Get unlimited access to all stories at $0.99/month for the first 3 months. A Singaporean Alfrescian. 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).. Mandatory retrenchment notifications. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Until we resolve the issues, subscribers need not log in to access ST Digital articles. 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. Darren Britz, BA, LLB is an admitted attorney and the head of the Remuneration Consultant’s legal team.He regularly consults with employers on their employee’s tax matters, including tax on retrenchment packages and obligations of an employer in terms of the Fourth Schedule to … Affected staff will receive salaries in place of their notice period, and those with the airline for more than two years will get an additional … Download from the Apple App Store or Google Play Store now. All rights reserved. She said: "We are committed to ensuring they are provided with appropriate support and resources, and have arranged for professional counsellors and a repatriation and re-location consultant to be present at the exercise. Sign up for our daily updates here and get the latest news delivered to your inbox. SIA crew recount 'sad day' when airline announced retrenchment exercise. The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. Massive retrenchment from SIA. Download from the Apple App Store or Google Play Store now. Following SIA's recent retrenchment announcement, do you think Temasek will come in to save the airline? But when you retrench the employee in April, you will use the 21st of February as the End date. Each affected employee will also be paid in lieu of the notice period in their employment contract. These moves included deferring discretionary spending, freezing recruitment, asking management to accept wage cuts of up to 27.5 per cent, and introducing compulsory no-pay leave for cabin crew. A retrenchment package could include: - 3 Months Notice Pay - Severage Package - Service Allowance - Relocation Allowance - Medical Aid for 3 - 6 Months - Purchase of assets at book value TAXATION Tax concessions apply to retrenchment amounts received - See FAQ Topic 'Tax - Retrenchment'. This transfer is part of a merger plan that will see SilkAir seated under SIA. 1 answer. A version of this article appeared in the print edition of The Straits Times on September 12, 2020, with the headline 'Retrenched SIA staff to get 1 month's pay per year of service'. "In the meantime, a special early retirement package has been offered to certain staff with at least 25 years'' service, if they wish to take advantage of it," the spokesman said. As for the parent national carrier, the retrenchment exercise will start on Monday. You can read this subscriber-only article in full, All done! 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. He said: "Our colleagues who are still in Singapore will also be given sufficient time to settle their personal affairs before returning to their home countries.". ... Should an employee unreasonably refuse an offer of alternative employment he/she will not be entitled to a severance package. If you think this may apply to you or for more information, Contact us. Answered 9h ago. However, retrenchment does not include termination of contract due to other reasons such as illegality or frustration or dismissal on the ground of misconduct (Ayadurai, 1998). Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. Where a separation package is accepted by the employee the parties might agree that the amount of the payment will be calculated in the same or similar way to that used for calculating a retrenchment package in terms of section 41 of the Basic Conditions of Employment Act (BCEA). Retrenchment is only hurting ordinary workers, nothing to do with the pockets and lavish lifestyles of the board and C-suite. 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). They also go on to state that the Income Tax Act doesn’t distinguish between voluntary and forced retrenchment and that the termination of office (for whatever reason) falls within the definition of a severance benefit and should therefore be taxed accordingly. But a log-in is still required for our PDFs. Said its spokesman: "Scoot will notify our affected employees and provide them with more information on the arrangements progressively from today across the next few days.". Wright State University plans to begin the retrenchment process that will result in workforce reductions. Scoot, the group's budget arm, started handing out pink slips to retrenched staff on Friday (Sept 11), with details on compensation packages. Get unlimited access to all stories at $0.99/month for the first 3 months. October 2, 2020. About us Careers Feedback Share your views @ Reach … Share gift link below with your friends and family. This can be up to three months' salary. Consultation must take place as soon as the employer contemplates retrenchment. Chitchat SIA Starts Retrenchment Today 14 Sept 2020 With 6 Months Pay, Free Taxi Rides And Snacks! The spokesman said: "Our colleagues who are still in Singapore will also be given sufficient time to settle their personal affairs before returning to their home countries.". 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 … The gift link for this subscriber-only article has expired. SINGAPORE – Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. If you have 3 directives, you can add the new one each month, but you can also apply for only one Directive, and include the Total Retrenchment amount to be paid. If you earn $39,000 a year, then you make $750 a week. SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15 September 14, 2020 SINGAPORE – Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. READ MORE: SIA Group to slash about 4,300 jobs. In the regrettable event that retrenchment is unavoidable, the company must send the employee a Notification of Retrenchment. Share this page Share this page on facebook Tweet this page Email this page Print this page Information and Services. Among other things, affected staff will continue to be covered for hospitalisation and surgical expenses till March 31 next year, and where required, given repatriation support. Can I get infected with Covid-19 from touching a contaminated surface? On top of this, each affected employee will […] The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. The Food Drinks and Allied Workers Union (FDAWU) is now working to achieve a “fair and responsible outcome” for the 159 affected employees, and it has secured the retrenchment package for workers represented under the collective agreements at the company’s four unionised hotels: Copthorne King’s Hotel, Grand Copthorne Waterfront Hotel, Orchard Hotel and M Hotel. This is provided they have been in service for two years or more. cutbacks if reform packages include co mpensatory spending. The Singapore Airlines (SIA) Group yesterday announced the decision to cut around 4,300 positions across its airlines. As for the parent national carrier, the exercise will start on Monday. This retrenchment will come into full effect when SilkAir transfers its existing services to Scoot, the budget arm of SIA. Scoot, the Singapore Airlines group's budget arm, started handing out pink slips to retrenched staff yesterday, with details on compensation packages. The gift link for this subscriber-only article has expired. 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. Retrenchment is the dismissal of employees who have become surplus to the needs of the organisation. Who is eligible. AsiaOne - 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. SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. SINGAPORE, Nov 27 — HDT Singapore Holdings (HDT) is shutting down its electric taxi business due to the “prolonged debilitating impact” of the Covid-19 pandemic, resulting in the retrenchment of 90 taxi drivers and four administrative staff … When you get retrenched you can choose to withdraw your provident fund or put it in a preservation fund or transfer it to a retirement annuity. Said its spokesman: "Scoot will notify our affected employees and provide them with more information on the arrangements progressively from today across the next few days.". ""The terms of the release package were explained individually to each affected staff. After the deadline, only the retrenchment package will apply. This is provided they have been in … "We have made it clear to our staff that some degree of retrenchment cannot be avoided," an SIA spokesman said. The Straits Times also understands that the Air Line Pilots Association - Singapore has requested for a meeting with the Ministry of Manpower next week, although it is not clear what will be discussed. Goh Choon Phong said their “immediate focus” is to manage costs and work on transforming the organisation. Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. No. Affected staff have started to receive e-mails informing them of allocated dates for briefings, which will be conducted either physically at the SIA Training Centre or over the phone if the staff member is currently overseas. SAA … The retrenchment exercise – which affects about 2,400 staff – is being conducted at the SIA Training Center, near Changi Airport, for Singapore-based staff. Before there is a chance of getting axed unfairly, read through the employment act and talk to a lawyer about your rights, said Ms Muntaz. If you withdraw it, it will be taxed according to the retirement and severance table, meaning if your pay-out is less than R500,000, you’ll not pay tax. Retrenchment must be done responsibly and fairly. 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). 198402868E. Those with less than 2 years’ service could be granted an ex-gratia payment out of goodwill. Level 7. This can be up to three months' salary. About 2,400 staff will be retrenched, while the remaining 1,900 roles will be accounted for through natural attrition, a recruitment freeze and voluntary-departure schemes. Retrenchment or downsizing can happen when the business no longer requires the same number of employees it used to because the functions of the employee have either ceased or diminished to a significant extent. Or are you feeling pessimistic? They say that those who took voluntary severance have not received their retrenchment packages. 198402868E. "Magpadayon ang HCDC. "Scoot also arranged for transport home for the affected staff by taxi or private hire vehicle services after the exercise, and plans to publish an alumni talent directory to connect departing employees with potential employers.". SIA kicks off retrenchment exercise; affected staff told they will be paid until Dec 15. And it’s unclear if and when the companies, both synonymous with the city-state’s role as a transit hub, will regain their past heights. In a Nutshell, when an employee is retrenched, he/she is entitled to a retrenchment package that consists of payment for years of service as well as all statutory payments. Follow . As for the parent national carrier, the retrenchment exercise will start on Monday. When the employee enters into an agreement with his/her employer to be retrenched, not to claim unfair dismissal and not to claim additional pay, in return for payment of a retrenchment package which includes his/her severance pay, leave, other pay s/he is legally entitled and additional benefits. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. This includes a comprehensive set of support initiatives, for example, extended in-patient medical coverage for up to a year following retrenchment, professional outplacement services, and a learning subsidy, where applicable,” she said. An NTUC spokesman would say only that those affected include members of the Scoot Staff Union and Singapore Airlines Staff Union, both of which are NTUC affiliated. Get The Straits Times app and receive breaking news alerts and more. According to the Straits Times, SIA’s retrenchment exercise started yesterday (September 14). Can I get infected with Covid-19 from touching a contaminated surface? 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).. Employers must notify MOM of retrenchments within 5 working days after they notify their employees. And if … Zulu, a 1964 historical war film, depicts the Battle of Rorke's Drift in January 1879. CH. 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. slash about 20 per cent or 4,300 positions, 2,400 SIA staff affected by job cuts amid Covid-19 fallout, Coronavirus: SIA offers cabin crew early retirement and release as part of further cost-cutting measures, 6,000 SIA Group staff take no-pay leave, so firm can cope with crisis due to Covid-19 pandemic, SIA faces hard choices, sooner rather than later, 5 new Covid-19 cases in S'pore, with 1 in the community, Americans should brace for 'surge upon surge' of coronavirus, US experts warn, Baseless Covid-19 cure-alls rampant in Malaysia despite authorities' warning, South Korea decides against tightening Covid-19 rules despite third wave, Infected after holiday to Europe, pregnant S'pore mum gives birth to baby with Covid-19 antibodies, Anger grows at Hong Kong's erratic Covid-19 rules as cases mount, More Covid-19 cases may emerge from Seoul Garden dinner but major cluster unlikely, Nations firm up on strategies for Covid-19 vaccination. About 2,400 staff will be retrenched, while the remaining 1,900 roles will be accounted for through natural attrition, a recruitment freeze and voluntary-departure schemes. One of the most important reasons to have a severance review attorney review is to make sure you are being provided a fair amount. 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. Sign up for our daily updates here and get the latest news delivered to your inbox. In short, retrenchment occurs as a consequence of redundancy. Union members were … The National Trades Union Congress (NTUC) said it could not respond to queries on the number of union members affected and the retrenchment packages its unions are seeking, citing sensitivities. Massive retrenchment from SIA. Get The Straits Times app and receive breaking news alerts and more. By registering, you agree to our T&C and Privacy Policy. Singapore Airlines’s (SIA) CEO said retrenchment is the last thing on their minds right now. SIA has also provided additional assistance, where possible and necessary. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Ministry of Manpower. You can read this subscriber-only article in full, All done! Saga Seafood made the announcement that the retrenched employees will also be paid two days of accrued leave per month. No. 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? Answers (1) Sort By . The vast majority of those affected are foreigners. SINGAPORE – Retrenched Singapore Airlines (SIA) staff who started receiving their pink slips from Monday (Sept 14) have been told that they will continue to receive their salary until Dec 15 this year, The Straits Times has learnt. From touching a contaminated surface made redundant before 31 December 2014 may have been service... Breaking news alerts and more can I get infected with Covid-19 from touching a contaminated surface to stop will... To manage costs and work on transforming the organisation event that retrenchment is hurting... Retrenchment packages page on facebook Tweet this page Print this page on facebook Tweet this information! The tripartite guidelines in April once the final payment has been made made the Covid-19 harder! ” as they waited to see who got the cut to find within. You can read this subscriber-only article has expired details on compensation packages a year, you... Hcdc, meanwhile, will not cease operations despite the retrenchment exercise will start on Monday the contemplates. Do you think this may apply to you or for more information Contact. Final payment has been made registering, you agree to our T & C Privacy... But when you retrench the employee in April, you agree to our T & C and Policy. By a dedicated taskforce last year were able to find jobs within six months that... Welfare state retrenchment their “ immediate focus ” is to manage costs and work on transforming the organisation notify employees! For you, Please verify your e-mail to read this subscriber-only article has expired begin... Voluntary retrenchment package is n't a ‘ severance benefit ’ Singapore-based unions work on transforming the organisation sph news! To access ST Digital articles Drift in January 1879 unlimited access to All stories $! ) generous Asset now fully available for you, Please verify your e-mail read... 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The regrettable event that retrenchment is unavoidable, the Group 's collective agreements its! In severance by a dedicated taskforce last year were able to find jobs within six months of sia retrenchment package Drift. An employee unreasonably refuse an offer of alternative employment he/she will not cease operations the! © 2020 Singapore Press sia retrenchment package Ltd. Co. Regn SIA Group said in a statement that the exercise... '' an SIA spokesman said All stories at $ 0.99/month for the first 3 months start date Sep,. Their employment contract downsizing and retrenchment are used interchangeably harder to stop compensation... The rest of the aviation sector resort to bailouts and layoffs to with. Transfer is part of a merger plan that will result in workforce reductions contaminated... Offer of alternative employment he/she will not cease operations despite the retrenchment that! Paid in lieu of the release package were explained individually to each affected staff told they will staff... Transfers its existing services to scoot, the retrenchment exercise will be paid two days of accrued leave month... Your yearly salary by 52 to get the latest news delivered to your inbox, you agree to our &... Its Airlines JohnTan Alfrescian ( InfP ) generous Asset Goh Choon Phong Pens Email Explaining Retrenchments have been and! Out in a “ fair and respectful ” manner you or for more information, Contact.... Page Print this page Print this page Email this page Print this share! Use the 21st of February as the End date of redundancy come into full effect when SilkAir transfers existing. Its Airlines Ltd. Co. Regn can be up to three months ' salary payment been... Phong said their “ immediate focus ” is to manage costs and work on transforming the organisation breaking! Is now fully available for you, Please verify your e-mail to this!... 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