A spokesman would only say that those affected include members of the Scoot Staff Union and Singapore Airlines Staff Union, both of which are NTUC-affiliated. 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'. 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 is currently overseas. If you worked for the company for 10 years, then you would get $7,500 in severance. The Straits Times also understands that the Air Line Pilots Association - Singapore has requested a meeting with the Ministry of Manpower next week, although it is not clear what will be discussed. On top of this, each affected employee will […] Most Upvote. They don't agree that a voluntary retrenchment package isn't a ‘severance benefit’. 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. ""The terms of the release package were explained individually to each affected staff. 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. Those with less than 2 years’ service could be granted an ex-gratia payment out of goodwill. Goh Choon Phong said their “immediate focus” is to manage costs and work on transforming the organisation. "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. Asked about retrenchment benefits, SIA’s spokesman said: “Discussions have begun with our Singapore-based unions. They can read the article in full after signing up for a free account. 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HCDC, meanwhile, will not cease operations despite the retrenchment of a large number of employees. About us Careers Feedback Share your views @ Reach … Follow . SIA promised to give “sufficient time” for affected employees to settle their “personal affairs” in their current locations before helping to make arrangements to return to their home countries. In so doing, it can guide future research on the causal determinants of successful welfare state retrenchment. Union members were … In short, retrenchment occurs as a consequence of redundancy. But a log-in is still required for our PDFs. 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. 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. Sign up for our daily updates here and get the latest news delivered to your inbox. Answer Now. If you think this may apply to you or for more information, Contact us. SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. Get unlimited access to all stories at $0.99/month for the first 3 months. SAA employees who took VSPs are still waiting for retrenchment packages (News) ... financial straits, having in most cases not received salaries for five months. SIA Group said in a statement that the retrenchment exercise will be carried out in a “fair and respectful” manner. Asked about retrenchment benefits, SIA's spokesman said: "Discussions have begun with our Singapore-based unions. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Each affected employee will also be paid in lieu of the notice period in their employment contract. “If retrenchment is inevitable, employers should provide retrenchment benefit depending on their financial position.” If you’re ‘doing okay’ financially, MOM advised to continue to pay retrenchment benefits according to existing employment contracts, collective agreements, or the prevailing norms for retrenchment benefit – between two weeks and one month salary per year of service. No. Voluntary Retrenchment - What is voluntary retrenchment? 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.". Singapore Airlines’s (SIA) CEO said retrenchment is the last thing on their minds right now. “The impacted employees will get a retrenchment package that is above that which is provided for by the tripartite guidelines. 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. This can be up to three months' salary. You will only retrench the employee in April once the final payment has been made. "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.". READ MORE: SIA Group to slash about 4,300 jobs. They will also retain their medical and other benefits until then. Asked about retrenchment benefits, SIA's spokesman said: "Discussions have begun with our Singapore-based unions. SIA has also provided additional assistance, where possible and necessary. The terms of the release package were explained individually to each affected staff,” a spokesman said. SPH Digital News / Copyright © 2020 Singapore Press Holdings Ltd. Co. Regn. Employers must notify MOM of retrenchments within 5 working days after they notify their employees. By registering, you agree to our T&C and Privacy Policy. 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. They can read the article in full after signing up for a free account. This is provided they have been in service for two years or more. 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).. Mon, Sep 14, 2020 - 8:48 PM [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. 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.". We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. 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 … 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. 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. ... Should an employee unreasonably refuse an offer of alternative employment he/she will not be entitled to a severance package. SIA had also arranged for on-site counsellors and medical staff, and granted transportation for employees to and from their homes. 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). SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. Chitchat SIA Starts Retrenchment Today 14 Sept 2020 With 6 Months Pay, Free Taxi Rides And Snacks! Affected employees will receive compensation on terms that have been negotiated and agreed with the union in the collective agreement, she said. Share gift link below with your friends and family. Retrenchment benefits are payments given to employees to compensate them for the loss of employment. If you earn $39,000 a year, then you make $750 a week. 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 … Thread starter JohnTan; Start date Sep 14, 2020; JohnTan Alfrescian (InfP) Generous Asset. Share gift link below with your friends and family. 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. You can read this subscriber-only article in full, All done! All rights reserved. A severance agreement attorney will be able to review the circumstances of your termination or resignation from your company to help you understand whether you have any viable legal claims that could allow you to ask for a greater amount in severance pay. 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. 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? Half of the staff let go accepted roles with outsourced vendor that supports M1’s systems. Colleagues gathered for “one last drink” as they waited to see who got the cut. The gift link for this subscriber-only article has expired. One of the most important reasons to have a severance review attorney review is to make sure you are being provided a fair amount. SEVEN in 10 retrenched workers who were helped by a dedicated taskforce last year were able to find jobs within six months. This report will review the undertaken social impact assessment (SIA) that will aid in the identification of the benefits and impacts arising from the project. 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 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. In the regrettable event that retrenchment is unavoidable, the company must send the employee a Notification of Retrenchment. No. 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. But when you retrench the employee in April, you will use the 21st of February as the End date. Answered 9h ago. 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. Loyal. 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).. 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. 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