wonder how many of those retrenched have mortgages to pay and the property will be repossessed and put back on the market
HO SAY LIAO LAH
retrench some more, free these poor souls from the bonds of slavery until all investment owners fall to their knees and beg for mercy
SIA may be forced to cut pay, jobs in 2009 as a last resort
By Asha Popatlal, Channel NewsAsia | Posted: 19 December 2008 2137 hrs
Photos 1 of 1
Related Videos
SIA may be forced to cut pay, jobs in 2009
SINGAPORE: Singapore Airlines (SIA) is bracing itself for a bumpier ride in 2009. Oil prices have been hitting four-year lows in recent sessions, but carriers worldwide have been hit by declining passenger numbers.
SIA has already been re-looking its routes and services. But the carrier said it may be forced to consider cutting pay or even jobs.
The year started off on a high for airlines. While fuel prices skyrocketed, passenger demand was also buoyant, so carriers were flying steady.
But with the financial crash in September, the outlook took an ugly turn and SIA is preparing itself for a tough 2009, at least in the first half.
Stephen Forshaw, vice-president, Public Affairs, SIA, said: "It will be difficult. Let's not make any mistakes about that."
HO SAY LIAO LAH
retrench some more, free these poor souls from the bonds of slavery until all investment owners fall to their knees and beg for mercy
SIA may be forced to cut pay, jobs in 2009 as a last resort
By Asha Popatlal, Channel NewsAsia | Posted: 19 December 2008 2137 hrs
Photos 1 of 1
Related Videos
SIA may be forced to cut pay, jobs in 2009
SINGAPORE: Singapore Airlines (SIA) is bracing itself for a bumpier ride in 2009. Oil prices have been hitting four-year lows in recent sessions, but carriers worldwide have been hit by declining passenger numbers.
SIA has already been re-looking its routes and services. But the carrier said it may be forced to consider cutting pay or even jobs.
The year started off on a high for airlines. While fuel prices skyrocketed, passenger demand was also buoyant, so carriers were flying steady.
But with the financial crash in September, the outlook took an ugly turn and SIA is preparing itself for a tough 2009, at least in the first half.
Stephen Forshaw, vice-president, Public Affairs, SIA, said: "It will be difficult. Let's not make any mistakes about that."
