Jakarta, CNBC Indonesia – The Singapore Airlines (SIA) Group conducted a layoff during the Covid-19 pandemic. It was recorded that there were more than 2,000 employees who were laid off. Staff notified via townhall meeting which took place virtually, Thursday (10/9/2020).
“The Singapore Airlines (SIA) Group today announced a tough decision to cut around 4,300 positions across airlines. After accounting for recruitment stoppages, natural reductions and adoption of early retirement schemes, the number of potential staff affected will be reduced to 2,400 in Singapore and offices in other countries, “the management wrote in a press release as reported The Straits Times today.
According to management, the decision had to be taken given the uncertainty of the global aviation industry following the impact of the Covid-19 pandemic. At the same time, airlines must adapt to an uncertain future.
Management steps are believed to be taken considering the government has imposed strict border controls in order to stem the Covid-19 pandemic. Although there has been reopening in recent weeks for certain trips, including to China, the number of passengers and frequency of flights is far from before the Covid-19 pandemic.
The International Air Transport Association said passenger demand for air travel is not expected to return to pre-crisis levels until 2024.
In July, The Singapore Airlines (SIA) Group reported a net loss of 1.12 billion Singapore dollars for the second quarter of 2020. Revenue for the group as a whole fell 79.3% to S $ 851 million (yoy), while spending fell 51.6% to S $ 1.89 billion.
(Friends / hoi)