SATS announces further pay cuts, warns Covid-19 expected to 'substantially' impact earnings

SATS announces further pay cuts, warns Covid-19 expected to 'substantially' impact earnings

The Edge Markets - World·2020-03-10 02:47

SINGAPORE (March 9): Airline gateway services and food solutions provider SATS is slapping on more pay cuts amid the spread of the novel coronavirus (Covid-19).

On Feb 19, SATS had already unveiled a series of cost reduction measures, including a 10% reduction in pay for the senior management team.

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