Save Costs in Order to Save Jobs
The coronavirus outbreak has caused an impact on our economy. The impact is believed to be worse than that of Sars, or severe acute respiratory syndrome, in the year 2003.
While Budget 2020 includes setting aside a fund of $800 million for ministries to deal with COVID-19, and a further $4 billion package to help workers and companies, we are seeing some extreme measures taken by local companies as we get by this tough time.
Sats Offering No Pay Leave, Early Retirement; Vps and Above to Take 10% Pay Cut
SATS provides food solutions and gateway services solution to the aviation industry. With the travel industry taking a big hit from COVID-19, SATS Ltd is suffering the impact of lesser flights across the Asia market.