christian

It came to be a big surprised that the Alpa-S (Air Line Pilots Association - Singapore) has agreed and taken pay cut due to the recent economic crisis.

Alpa-S is known for their tough stand in agreeing to pay cuts, those who remember many years ago, in the 80s, where the airline pilots went on strike and how LKY wanted to use the Reservist Act to recall Air Force pilots to fly SIA plane?

Yes, the pay cuts is huge, between 10% to 20%.

1,800 pilots agreed to 1 day of no pay leave per month and 65% cut of one day's pay a month, pro-rated from their monthly basic salary.

SIA Chairman Chew Choon Seng, has taken a 20% paycut. It too came to a surprised that Chew Choon Seng is drawing the similar salary as PM Lee Hsien Loong, $3.25 million to $3.5 million per annum, according to the airline's annual report 2008. Basic salary formed 38% the rest in form of bonuses and benefits.

A 20% pay cut would means $650,000 less yearly and $54,000 monthly and $1,805 less daily. At the end of the day Chew Choon Seng still get his $2,600,000. million yearly.

Based on Chew's caculation, if the cabinet and MPs of Singapore can take a cut of 20%... do your own maths, you should see the saving is very much substantial.

2 comments

  1. Seelan Palay // June 22, 2009 at 2:46 PM  

    Hey friend, I made a post about this some time back too, not about the SIA pilots but the high pay of those "fellas.." - http://seelanpalay.blogspot.com/2009/04/parameswaras-weekend-round-up-29-march.html

  2. Chong // June 22, 2009 at 11:15 PM  

    dear pal,

    What i can't phantom is that.. a person waking up everyday with a ready $8,888(based on $3.2million a year / 12months / 30days) I assume a PM works 30days a month & 24/7.

    Is it pure lucky number for him?

    Treat Singapore as a Corporation.. when times a bad, all it's board of directors(in this case the cabinet) should take a pay cut and be answerable to the stakeholders(in this case the citizens)

    Sounds logical?

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