Serious Great Government - Temasek Freeze or Cut Salaries

[Pinkieslut]

Salary freeze for all Temasek employees, senior management may take voluntary pay cut

REUTERS
Temasek's senior management team — managing directors and above — will also be allowed to take a voluntary base salary reduction of up to 5 per cent, for a period of up to one year, the company said.
Published25 FEBRUARY, 2020
UPDATED 25 FEBRUARY, 2020
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SINGAPORE — In light of the Covid-19 outbreak, state investor Temasek will be implementing a salary freeze for all its employees, including promotion increases, for its April compensation exercise.

Its senior management team — managing directors and above — will also be allowed to take a voluntary base salary reduction of up to 5 per cent, for a period of up to one year, the company said.

Its senior management will, in addition, take a partial cut in their annual bonuses this year.

The budget originally set aside for the salary increases, plus the voluntary base salary reduction from senior management which will be matched dollar-for-dollar by Temasek, will be donated to T-Touch, the state investor’s staff volunteer initiative.

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This amount will then be set aside to support the community as needed during this time.

It is understood that the aim of the exercise is to exercise restraint during challenging times. The state investor had implemented salary reductions during past crises such as the severe acute respiratory syndrome and the Global Financial Crisis.
Read more at https://www.todayonline.com/singapo...b 25, 2020 (ACTIVE)_newsletter_25022020_today

 

[AhΜeng]

Rubbish, They should cut the staff strength of senior staff in Temasek by 50%. Walk the talk and not TCSS here and there.

 

[bobby]

Its senior management will, in addition, take a partial cut in their annual bonuses this year.

Still dare to even take bonuses?????

 

[sweetiepie]

Temasek's senior management team — managing directors and above — will also be allowed to take a voluntary base salary reduction of up to 5 per cent, for a period of up to one year, the company said.

KNN did they voluntarily asked for leeduction or the company asked them to volunteer KNN

 

[sweetiepie]

Its senior management team — managing directors and above — will also be allowed to take a voluntary base salary reduction of up to 5 per cent, for a period of up to one year, the company said.

KNN want to leeduce celery also can don't allow meh KNN also want leeduce longer also cannot meh only can for upto 1 year KNN

 

[songsongjurong]

$100k per month..paycut reduce to only $80-90k.. poor thing.. are they ablr to carry out meeting,stand shoulder to shoulder with corporate CEOs?

 

[mastermaster]

Never say how much Ho Jinx salary cut?

 

[Narong Wongwan]

Why is everyone using this as excuse to cut salaries?
Temasek is an investment firm?
A good investor makes money regardless of the health of the economy.
People like Warren Buffett and George Soros can make record profits during times of crisis.

 

[laksaboy]

Temasek can be considered part of the public sector.

For a snot-sized island city state, the public sector is too bloated. Much taxpayer money is spent to feed those jiakliaobees.

A lean, limited govt is the most efficient form of govt.

 

[no_faith]

Never say how much Ho Jinx salary cut?

Cut her salary?

 

[winnipegjets]

Ho Jinx going to declare that she will not take any wages?

 

[Hypocrite-The]

The erection is coming,,,that is why all this talk about pay cuts and freeze etc for GLCs,,,soon the cabinet will announce their pay cuts too,,,but imagine if the erection was over,,,the pap will not even be bothered with such pretense