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SINGAPORE - National power grid operator SP Group on Friday (March 6) said its board of directors will be taking a fee cut of 5 per cent in a show of "solidarity with the nation" amid the coronavirus epidemic.
Its senior management team will also have their performance bonus cut by one to two months for the current financial year, amounting to 8 to 15 per cent of their annual base salaries.
SP Group added in a statement that about 400 of the group's front-line officers who regularly deal with the public will also receive a one-time payment of $1,500 "in recognition of (their) dedication...and to encourage them during this period".
More at https://www.straitstimes.com/singap...-cut-400-front-line-staff-to-get-1500-each-in
Its senior management team will also have their performance bonus cut by one to two months for the current financial year, amounting to 8 to 15 per cent of their annual base salaries.
SP Group added in a statement that about 400 of the group's front-line officers who regularly deal with the public will also receive a one-time payment of $1,500 "in recognition of (their) dedication...and to encourage them during this period".
More at https://www.straitstimes.com/singap...-cut-400-front-line-staff-to-get-1500-each-in