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May 26, 2010
Pay cut for older workers: What's SIA's policy?
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THE joint reply by the Singapore National Employers Federation, the Ministry of Manpower and the National Trades Union Congress last Thursday ('Less than 3% of private firms cut older workers' wages') does not appear to take public listed companies into consideration.
Singapore Airlines (SIA), SIAEC (SIA Engineering) and all other SIA-affiliated companies practise 10 per cent across-the-board pay cut for all employees the moment they turn 60 years old.
Such employees can expect their salary the month after their 60th birthday to be 10 per cent less - with exactly the same workload as in the month before.
When queries are made to the human resource department about such cuts, especially in relation to the new government push to extend the working life of experienced older workers, the reply given is that it is 'company policy'.
This, at a time when SIA has great difficulty attracting and retaining younger workers to replenish the labour pool as people leave for various reasons.
It is time for these companies to rethink their human resource policies instead of waiting for a mandate from the authorities before more older workers choose to retire than stay and be exploited.
Jennifer Tan (Ms)
Pay cut for older workers: What's SIA's policy?
<!-- by line --><!-- end by line -->
<!-- end left side bar --><!-- story content : start -->
THE joint reply by the Singapore National Employers Federation, the Ministry of Manpower and the National Trades Union Congress last Thursday ('Less than 3% of private firms cut older workers' wages') does not appear to take public listed companies into consideration.
Singapore Airlines (SIA), SIAEC (SIA Engineering) and all other SIA-affiliated companies practise 10 per cent across-the-board pay cut for all employees the moment they turn 60 years old.
Such employees can expect their salary the month after their 60th birthday to be 10 per cent less - with exactly the same workload as in the month before.
When queries are made to the human resource department about such cuts, especially in relation to the new government push to extend the working life of experienced older workers, the reply given is that it is 'company policy'.
This, at a time when SIA has great difficulty attracting and retaining younger workers to replenish the labour pool as people leave for various reasons.
It is time for these companies to rethink their human resource policies instead of waiting for a mandate from the authorities before more older workers choose to retire than stay and be exploited.
Jennifer Tan (Ms)
