We are pleased to inform that the SIA Group of Companies namely, SIA Engineering Company, SilkAir, SIA Cargo and Tradewinds had agreed to cease the 10% salary reduction, which was in practice since the year 1999. This was the year the salary cut came into effect when the retirement age was extended from 60 to 62 years old.
The Companies shall cease the 10% salary reduction of all affected staff members with effect from 1st April 2011. Staff members who had turned 60 years old earlier, shall have the salary cut restored from 1st April 2011.
All other staff members who reach age of 60 after 1st April 2011 shall NOT have their salary reduced by virtue of turning 60 years old. |