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SINGAPORE - Singtel will be implementing a wage freeze across the company, this year - except for operational and support staff - as part of a cost-cutting exercise by Singapore's largest telco. Group chief executive Chua Sock Koong said in a note to employees that the company needed to brace itself for uncertainty because of the coronavirus outbreak and the weak business sentiment. Ms Chua said: "The management committee and I will each contribute at least half a month's pay (to the Singtel Touching Lives Fund) while top management has been strongly urged to make voluntary contributions of a quarter's month's pay." She encouraged staff to give as well, adding that the company will match staff contributions dollar-to-dollar before directing the donations to the Community Chest's Courage Fund and other beneficiaries working to fight the fall-out from the virus outbreak.
Source : The Straits Times, March 2020
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