Singapore Airlines ends MVC salary cuts for S’pore-based staff from Aug 1
- Posted by: vitu
- Categories: Asia, Singapore
SINGAPORE – National carrier Singapore Airlines (SIA) has ceased monthly variable component (MVC) cuts to basic salary for all its Singapore-based staff since Aug 1, it said in a statement on Friday (Aug 13).
The airline implemented MVC cuts, along with no-pay leave, hiring freeze and retrenchments, to cut expenditures last September.
But additional pay cuts for pilots remain in place, as per an agreement with the Air Line Pilots Association – Singapore union last year to mitigate further job losses for pilots.