Singapore Airlines Group said Thursday it will eliminate 4,300 tasks due to the “long roadway to recovery” for the worldwide air travel industry battered by the coronavirus pandemic.
The group said in a declaration it will cut the positions throughout Singapore Airlines, local arm SilkAir and spending plan system Scoot.
After considering a recruitment freeze, natural attrition and the take up of voluntary departure plans, it said the real variety of laid off personnel will be only about 2,400 in Singapore and overseas.
The group stated it remains in a vulnerable position compared to other airline companies as it does not have a domestic market that would be the very first to see a healing. To stay practical, it said its airline companies will run a smaller fleet on a lowered network in the coming years.
” This decision was taken in light of the long roadway to healing for the global airline industry due to the devastating effect of the Covid-19 pandemic, and the urgent need for the group’s airlines to adjust to an uncertain future,” it included. The company stated it has actually started talks with Singapore-based unions to complete the arrangement.
Singapore Transport Minister Ong Ye Kung stated in a Facebook post that the retrenchment was inescapable with flight decimated by the pandemic, and that the huge bulk of afflicted staff are immigrants. He pledged the government will work with trade unions and industry partners to help the afflicted employees discover brand-new jobs or transit to other industries.
The Singapore Airlines group in July reported a 1.12 billion Singapore dollar ($820 million) bottom line for the 3 months to June, its biggest quarterly loss. It has said it expects to operate at under half its capacity until next year.