So SIA begged Sinkies to save it for $$$ by issueing new shares and bonds.but it doesn't want to save its own people

[in3deep]

Cheebye company

 

[laksaboy]

People are losing jobs and struggling to buy food, I'm sure buying shares and bonds is a priority now.

 

[syed putra]

There is no way the airline company can survive if it continues to pay staff as normal. Just monthly payment to banks and leasor alone is not enough and depleting reserve funds.
At the same time, banks and leasor must give some leeway due to current circumstance. Take action also no use as nobody wants to take over another airline or buy used aircraft at the moment.

 

[batman1]

MUST take care of the board of directors and shareholders first.

 

[syed putra]

MUST take care of the board of directors and shareholders first.

Retrenched staffs got a good deal. After two years, they maybe recruited back in.

Retrenched SIA staff to get one month's pay for every year of service, capped at 25 months
[IMG alt="Each affected employee will also be paid in lieu of the notice period in their employment contract. This can be up to three months' salary.
"]https://www.straitstimes.com/sites/...?itok=BlTV0uOv&timestamp=1599832871[/IMG]Each affected employee will also be paid in lieu of the notice period in their employment contract. This can be up to three months' salary. ST PHOTO: LIM YAOHUI
PUBLISHED
SEP 11, 2020, 9:56 PM SGT
FACEBOOKWHATSAPPTWITTER

Charmaine Ng



Toh Ting Wei



SINGAPORE - Retrenched Singapore Airlines (SIA) staff will receive one month of pay for every year of service, capped at 25 months, The Straits Times has learnt. This is provided they have been in service for two years or more.
Each affected employee will also be paid in lieu of the notice period in their employment contract. This can be up to three months' salary.
The benefits are in accordance with the group's collective agreements with its unions.

 

[batman1]

Insolvent SIA . Borrow money to pay retrenchment benefits ??? Still a bankrupt Co. Wind up.

 

[Chase]

For every local that they retrenched this week, there is still another 3-4 foreign-born in their payroll.

 

[zhihau]

buy low! sell high!

Altogether now!!! HUAT AH!!!

 

[batman1]

How many billions SIA lost in aviation fuel hedging ?

 

[Loofydralb]

SIA should close shop and start anew

 

[parrardee]

SIA should close shop and start anew

Hear ye hear ye, words of wisdom from a person with a single digit IQ.

 

[JohnTan]

SIA has already spent half of the money it raised from issuing new shares recently to pay its debt and daily expenses. It's time to cut the dead weight so that they won't hold back SIA from soaring again.

 

[mojito]

People are losing jobs and struggling to buy food, I'm sure buying shares and bonds is a priority now.

Obviously it is the 1% dictating the terms now for a sweet heart deal.

 

[batman1]

WHE a co. is insolvent ,it will just wind up. Seldom u see a insolvent co. borrows money to pay retrenchments benefits to workers or retirement benefits to board of directors.

 

[Loofydralb]

Hear ye hear ye, words of wisdom from a person with a single digit IQ.

Single digit IQs cannot explain why those aren't words of wisdom.