9V-SPK
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SIA Group To Retrench 414 Staff, Details

Thu Jun 19, 2003 2:28 pm

Note to Editors 19 June 2003

No. 26/03


SIA GROUP TO RETRENCH 414 STAFF


The Singapore Airlines (SIA) Group today announced that it will retrench 414 Singapore-based employees, comprising office staff, airport workers and engineering personnel.



The 414 staff represent 1.5 per cent of the SIA Group’s staff strength in Singapore. A breakdown of the number of retrenched staff by company is attached.



SIA has initiated the retrenchment exercise as a last step in response to the current operating environment, following earlier moves to stringently manage costs. These moves included deferring discretionary spending, freezing recruitment, asking management to accept wage cuts of up to 27.5 per cent, and introducing compulsory no-pay leave for cabin crew. At the same time, SIA has cut its passenger capacity by over 30 per cent since 1 April 2003.



“We have always said that we would consider retrenchment as a measure of last resort. I am sad to say that we are now at that point,” said Mr Chew Choon Seng, CEO, Singapore Airlines. “It is unfortunate, but there is no alternative if we are to ensure that the Company survives this downturn and position ourselves to compete effectively in the marketplace of the future.”



Affected staff with at least three years’ service will receive one month’s salary for every completed year of service, subject to a maximum of 25 months’ pay. Staff with less than three years’ service will not receive such payment; however, they will be entitled to all other parts of the severance package.





…2/-





Note to Editors - 2 - 19 June 2003

No. 26/03





The severance package comprises:



a profit-sharing bonus of 3.23 months
a prorated annual wage supplement
payment in lieu of notice and unconsumed leave
the extension of medical and travel benefits until the end of 2003

SIA has offered counselling services and re-employment workshops to assist affected employees cope with the transition. Details of the available programmes are attached.

SIA will continue to make appropriate adjustments to its cost structures as necessary.



SIA Group Retrenchment Exercise

NUMBER OF RETRENCHED STAFF BY COMPANY

Singapore Airlines

129

SATS

196

Singapore Airlines Cargo

4

SIA Engineering Co

63

SIA Properties

8

SilkAir

8

Tradewinds

6

Total

414


SIA Group Retrenchment Exercise
ADDRESS BY CEO – MR CHEW CHOON SENG


I am afraid that the news I have today is not good.

As you know, this year for the month of April the airline operations of SIA suffered a loss of $204 million. In May, we had trimmed capacity to 40 per cent below the same month last year. But passenger kilometers fell by a larger amount and was down 56 per cent. As a result, the passenger load factor fell to only 53 per cent.

There were savings in variable costs, which are directly related to scale of operations, as a result of the cutback in the flight schedules. However, our fixed costs, principally aircraft standing costs and staff costs, remained at the same level as a year ago. Given the smaller operating base in May, our unit cost went up a whopping 26 per cent. At the same time, market conditions depressed unit yield by 2 per cent. The breakeven passenger load factor shot up to 92 per cent.

The big gap between the achieved load factor and that needed to breakeven meant that we incurred an operating loss of $166 million in May. This is less than the loss in April, partly because of lower fuel prices in May.

So, for just the two months of April and May we have suffered a loss of $370 million from airline operations. That works out to a loss of over $6 million per day.

Unfortunately although the drop in business has bottomed out, demand is running at a much lower level than pre-SARS and a year on year recovery is not in sight. Our marketing promotions to rebuild confidence and to rekindle interest in travel to and through Singapore are producing some results but at the expense of lower revenue yields.

It is clear that we have to cure this financial hemorrhage. We cannot simply wait, do nothing and just hope that business will recover sooner rather than later. We need to act now to save the Company.

We have implemented all the obvious measures to save on costs where we can, such as cutting discretionary spending, cancelling non-essential projects and deferring capital expenditures, without compromising safety and security. Recruitment has been suspended and supply arrangements have been re-negotiated.

We now have no choice but to turn to our wage costs for savings. Our cabin crew colleagues must be commended for proceeding to take no-pay leave. Management staff has taken pay cuts of up to 27.5 per cent and Board members have resolved to waive 50 per cent of their fees. And discussions between the Company and the staff unions on the subject of pay cuts are ongoing. But regrettably that will not be sufficient.



We have always said that we would only consider retrenchment as a measure of last resort. I am very sad to say that we are now at that point.



Today, we have to inform 129 of our colleagues in the airline that their jobs are gone and their employment will end. There are another 285 colleagues in the rest of the Group who will be in the same predicament.



This is very traumatic for all of us, and we have taken steps to ease the pain for those being retrenched. The staff affected will be spoken to by their managers. Professional counselling will be made available. The Company will assist with job search and job placement services. In addition to retrenchment payment at the rate of one month’s pay for each year of service, each staff affected will receive pay in lieu of notice of termination of employment plus their full entitlement to bonus payable in the current year and pro-ration of the AWS. Medical and privilege travel benefits will be extended to the end of this year.



Let us help each other to get through this difficult day. We encourage colleagues to lend a hand and a shoulder to lean on, as may be appropriate.



I am sorry that this has to happen, but there is no alternative if we are to ensure that the Company survives this downturn, and if we are to be well positioned to compete effectively in the market place of the future, against other airlines which have changed, or are changing, their cost structures radically.



Thank you for your attention.
Chew Choon Seng

CEO

 
docpepz
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RE: SIA Group To Retrench 414 Staff, Details

Thu Jun 19, 2003 5:04 pm

At least it's not as big as what everyone was speculating. 2500 was the initial speculation wasn't it
 
Ejazz
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RE: SIA Group To Retrench 414 Staff, Details

Fri Jun 20, 2003 5:42 pm

This is just the start, more to come.

Retrenchements will take place as and when it is deemed necessary by SIA and when the staff and support structure are available that day. Buddies are being assigned to retrenched staff especially those living in high rise HDBs... seriously.

Etihad Girl, You're a great way to fly.
 
hkg82
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RE: SIA Group To Retrench 414 Staff, Details

Fri Jun 20, 2003 6:20 pm

For an airline as large as SIA, the retrenchment figure of 414 isn’t that high, but of course it’s very unfortunate for the staff involved.

Obviously wage reductions aren’t enough & I think in the end they may retrench up to 1000-1500 employees…?

Hkg82.
 
9V-SVA
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RE: SIA Group To Retrench 414 Staff, Details

Fri Jun 20, 2003 7:19 pm

Yes, 414 are gone, I pity the HR staff who have to serve retrenchment notices on these staff, they don't wish to but it's obviously company orders.

9V-SVA
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docpepz
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RE: SIA Group To Retrench 414 Staff, Details

Fri Jun 20, 2003 7:53 pm

I just read the Straits Times online and am saddened by the news.

I feel sorry for the employees involved. These people are husbands, brothers, wives, fathers, mothers, sons and daughters.

SIA is just an entity which exists to make profits. I hope no one says they feel sorry for "the company" or "the company's share price" or "the company's image". It is the people that make up the company that count. They are the ones with feelings.

Oh why didn't they just give Dr Cheong a retrenchment package instead of asking him to retire?
 
9V-SVA
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RE: SIA Group To Retrench 414 Staff, Details

Fri Jun 20, 2003 7:56 pm

Docpepz, retrenchment doesn't sound as glamourous as retirement, I'm sure he left with some benefits in hand, obvious isn't it?

9V-SVA
9V-SVA | B772ER
 
hkg82
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RE: SIA Group To Retrench 414 Staff, Details

Fri Jun 20, 2003 9:18 pm

Yes it is very sad, considering the high unemployment rate & poor job market in Singapore.

Although it’s even grimmer for the CX employees if a sizeable number of them are retrenched; the unemployment rate in HK has just hit a record high of 8.3% (thanks to – you guessed it – SARS) & the job market has never been in a worse state (e.g. recently 38000 people turned up at a job fair hosted by the HK Jockey Club for 3000 positions).

CX hasn’t retrenched any staff just yet, but it can’t be ruled out & I think it’s only inevitable….

Hkg82.
 
Ryanair!!!
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RE: SIA Group To Retrench 414 Staff, Details

Sat Jun 21, 2003 4:09 pm

The males were given mineral water bottles, and the females boxes of tissues. Hmm... SIA just thought about everything, didn't they? $30 were given to them as well for taxi fare and a whole fleet was chartered just outside airline house and SIA Training Center, this prevented the retrenched staff from talking to the press.

It is indeed a sad day. Who would have thought that the airline would succumb to this? Well, if Pan Am could disappear...
Welcome to my starry one world alliance, a team in the sky!
 
tsentsan
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RE: SIA Group To Retrench 414 Staff, Details

Sat Jun 21, 2003 5:13 pm

Hi everybody.

After years of self denial, I have to realise that SIA is one company that truely screws their loyal employees. Nobody else comes close.

IMHO their recent retrenchment of staff blamed on SARS is just a cover for an ulterior motive. SARS no doubt is a very serious illness that has led many to have a disillusion about travelling, and hence affecting the traffic loads for numerous airlines around the globe. However, SARS is not a permanent scar. The shock of the disease is being nullified, with countries getting off the WHO's hot spot list. Traffic loads for airlines are starting to pick up, and things are begining to return to normal. The outlook looks good.

However, it isnt good enough for SIA. They had employees take a pay cut, and compulsory no-pay leave. Yet, although they were armed with the knowledge of the return to normal loads, they proceeded one step further to terminate the employment of 414 staff. This unprecented step was not even used by Cathay Pacific, which is facing a much large decline than SIA. United Airlines, faced with bankruptcy, only furloghed 1500+ staff members and now furloghed employees starting to be recalled back into service even before their furlogh period is up.

SIA needs to take a good hard look at itself. Retrenchment is taboo in terms of employee morale. Who knows who would go next. I would think that SIA staff are right now in the *low* point of their employment with SIA, where job security now is tinkering on the edge. Some forum members may have had the unfortunate task of experiencing what low morale does to staff members. You get rude and unhelpful ground staff who feel they've been royally screwed by the company. You get slightly below par service from cabin saff who are distracted from their jobs with worries of the future.

As you all would have known, SIA recently had a mega sale. A few days after it, staff members were being retrenched. Now, would staff members view discounts given to passengers as being paid for by the retrenchment of staff? It was joked not too long ago, that whenever the SIA Flying College receives a new asset, be it a car or a new dryer, the careers of a number of cadet pilots would be terminated.

All throughout the years SIA has displayed qualities that has shown it to be an uncaring organisation. From the LKY threat of closing down the airline in the early years to the first ever retrenchment of staff. Maybe a job with Singapore Airlines would not be on my cards after all.

Cheers
-TTT

(Edited due formatting problems - Stupid notepad)

[Edited 2003-06-21 10:14:53]
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krisworldB777
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RE: SIA Group To Retrench 414 Staff, Details

Sat Jun 21, 2003 5:49 pm

Tsen Tsan, you raise some interesting points in your post. I agree with you on the fact that my impression of these job cuts represents, in many ways, a rather short-sighted approach. From the outset anyway.

If you are to look at the number of employees and the number of aircraft the company flies, it is instantly apparent that they are, in 2003 terms, rather overstaffed to say the least. With, in raw terms, around 14,000 employees and usually flying around 94 aircraft, that means there are close to 150 per staff per aircraft. In a world where companies are benefiting from huge advances in information technology, many have realised that their core business interests can be maintained and serviced sufficiently with far fewer people and greater investment and emphasis on electronic means.

Airlines haven’t, and nor should they, be left behind. Given that the profit margins are so incredibly small for the investments to maintain their aircraft in the air, airlines more than ever are needing to trim their costs consistently to remain competitive in the market place with a mix of expensive onboard products, fair remuneration for staff yet at a price which the consumer, who is incidentally far more cost conscious in 2003, can truly afford. To date, SIA has embraced change admirably and they have continued to enjoy the rewards. But are they really maximising their opportunities?

In truth, one can say no. For any company, and especially a company which relies on a strong brand, the announcement of mass redundancies is never, at any time, met with the the cheers of the public. On the contrary, it generally will do a company’s reputation a great deal of harm, in the good times at least. But these are the bad times. SIA is suffering the worst losses in its history and SIA is quick to point out that fact. The company must use these adverse circumstances to their advantage as much as possible. The current SARS crisis represents to date the greatest chance and excuse for SIA to brainwash the gullible consumer into thinking that for the company to remain above water, the cuts are of paramount importance.

And that isn’t incorrect. There is little doubt that the market will eventually return to its previous state. One must look closely at the bounce-back after September 11th to realise that whilst the market is incredibly sensitive, the elasticity is generally fair. SIA relies disproportionately upon the traffic between Australia and Europe – the two continents which are widely regarded as being the most resilient in times of crisis. But one must look far further down the line to realise that even though the market will probably recover in the near future, the chance of similar world events occurring in the future is high. At such a time of crisis, SIA likewise needs to be able to ride the storm and for an airline such as SIA, that means keeping costs low, even in the good times which will also allow the airline to offer low fares to stimulate the market.

Rest assured, human resources isn’t the only area to have its costs trimmed. Fortunately, from the airline’s perspective at least, information technology has made many jobs redundant. Basically, such people have just had a free ride within the company through its best ever years but now that things look bad, it represents an excuse and reason to trim the airline and make it more competitive for the future. They are moves to prevent it sinking like the mighty Pan Am so the management must be praised for that but conversely we should extend our sympathy to all those loyal employees who have sacrificed their jobs for 14,000 others and one of the world’s most recognised brands.

There’s no need to worry, SIA will ride the storm, but only because of the excellent management of Cheong Choong Kong and his team.
 
Ex_SQer
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RE: SIA Group To Retrench 414 Staff, Details

Sat Jun 21, 2003 6:46 pm

Sad sad sad. I've been laid off before... it is a painful experience ... but in all fairness it looks as if SIA has been pretty humane in managing the situation, and the severance packages appear pretty decent. Nevertheless, this will be a huge blow to the already-low staff morale, and I suspect that it'll never recover.

I cannot help but wonder how dire their cash situation really is. While it is true that their cash situation has deteriorated significantly, it is hard to tell from their financial statements, because you don't know exactly how liquid their assets are. This said, it cannot be so dire that SIA will run out of cash and shut down soon. After all, they haven't cancelled the $110MM cash dividend to be paid out to the shareholders.

KrisWorld777:
I agree with you that SIA is overstaffed in some areas, but I must say that many critical areas were shortstaffed in the pre-SARS era.

Also, while Dr Cheong's management and his decisions may have been prudent in many ways, it was always focused on the bottomline, and I daresay staff issues weren't at the very top of his priorities. Just look at the dividend payout and you see where his priorities lie. Make no mistake, the man isn't as highly respected inside the organization as he was outside it. SIA's internal culture is a shambles, and this has led to the low morale, labor problems, and extremely poor staff retention.

 
buckfifty
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RE: SIA Group To Retrench 414 Staff, Details

Sat Jun 21, 2003 11:01 pm

SIA may be overstaffed, but then, it has one of the lowest cost bases of any major intercontinental airline in the world.

If anything, you should probably look at SIA's cash reserves, and how it has been depleted in recent years from investments outside of the core business. Some wise, some not. CCK rode the economic miracle to prosperity, but now that things aren't so rosy, cracks are beggining to show.

Though any business should be concentrating on shareholder payouts and quarterly profits, you also have to do it on the strength of the people working for you. The lower the employee retention rate, the worse off you will be in the long term, and that's standard business knowledge. Training costs money, experience is paramount, staff cohesion is priceless. CX knows that, so it put everyone on unpaid leave. Some might grumble about it, but at least the jobs are still there, people aren't so worried.

Is retrenching 414 staff going to contribute significantly to any bottom line? If you do the math, I think you'll find that it doesn't mean much at all. But it certainly puts the fear of God into all the other employees still around...
 
Mr.BA
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 10:51 am

I believe SIA pilots are very lowly paid compared to many other airlines, or rather, most airlines. When SIA is enjoying big profits in good times you don't see staff getting bonuses or a little pay rise but when it comes to profits being hit for a few months loyal employees get the boot!!!
Boeing747 万岁!
 
SInGAPORE_AIR
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 4:24 pm

I actually am a little bewildered.

The issue of staff retrenchment (we call it lay offs in the UK) is very serious and it is a shame that it has come to this.

We do not have the benefit of hindsight yet, however, if only 414 are to be retrenched - really what was the point?

Unfortunately the Group is to make a loss in this quarter (why SGX did you have to make quarterly reporting compulsary in this time?  Insane For shame) but 414 jobs won't make much difference.

Singapore Airlines is a proud airline. For it to lay off workers after never ever having to do that now is very distressing for the airline and for those who follow the airline industry. In addition, staff morale before SARS was probably only above average. It appears that there is a culture in the airline of low morale coupled with little pay. It is my opinion that Singapore Airlines must increase worker productivity and increase pay while allowing people to leave the Group so that result is less staff and more work and more pay for them. This obviously cannot happen to air and check-in staff for example but I'm sure there are many ways to naturally lay off people without forcing them.

As to who knows who will go next, I think it is relatively safe to assume that Singapore Airlines wants no more layoffs. They would restructure themselves in a way not to do that again because it is not a proud moment when you have to release workers from the payroll.

Believe it or not, I think Singapore Airlines has one of the most generous profit sharing bonuses in the industry ( could be wrong). This financial year, staff were given 3.23 months bonus and the 2000/2001 year, staff were given more than 6 months bonus pay.



However, there is little scope for any cost reductions. Fuel is a neccesity as is staff, you have to pay rent and depreciation is an accounting phenonmenon you can't avoid, handling is needed to get your planes off the ground but contracts could be re-negotiated, maintenenace and overhaul is a cert because the Airline has safety as its number one priority and anyway it gets most of it off Singapore Airlines Engineering Company anyway. Sales costs probably include marketing so I don't see how that can be reduced. Landing and parking fees are out of the Airline's control, the number of inflight meals and passengers services will grow with passenger numbers so that doesn't need to be touched. Dr. Cheong Choong Kong said he was "unhappy" at the 21% increase in IT costs. Others, what are they? So really staffing is arguably the easiest way to cut costs.

But what about senior management? Why isn't the senior management team taking more of a pay cut? Also, why isn't Chew Choon Seng working for free at the moment? This is most baffling. Their wages could have saved a few of the jobs. And why aren't the directors waiving 90% of their fees instead of 50%? This should not be happenning.

All in all, a most disturbing, distressing, unnerving, worrying, disastrous and soul-destroying time for Singapore Airlines Group. We are all touched by it's predicament and some of us my feel the physical effects. Singapore Airlines will regain it's altitude - we just don't know when. Here's a picture to cheer everyone up - especially Anzett.

Anyone can fly, only the best Soar.
 
Ejazz
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 4:59 pm

Disgusting photograph for starters, used on most SIA dart boards.

Sorry Singapore Air I know you try but what a load of tripe. Just too much to correct and its too nice a day outside.

Etihad Girl, You're a great way to fly.
 
Ex_SQer
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 6:26 pm

Good grief, you think that I am Anzett?!?
 
SInGAPORE_AIR
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 6:49 pm

I think three people are Anzett. Anyone who cares to go out of their way to look for an Anzett would have the facts staring at them in their faces by now.
Anyone can fly, only the best Soar.
 
9V-SVA
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 8:18 pm

If you think they are Anzett, you are sadly mistaken, as they were ex-SQ staff or current SQ staff. You may wish the opposite, but all the above comments by Tsentsan, Ejazz and others are the exact truth.

As to who knows who will go next, I think it is relatively safe to assume that Singapore Airlines wants no more layoffs. They would restructure themselves in a way not to do that again because it is not a proud moment when you have to release workers from the payroll.

They don't care. SQ staff attrition is one of the greatest among GLCs in Singapore, you may think otherwise but that's fact. Don't like it, too bad, it's the COLD HARD TRUTH.

9V-SVA
9V-SVA | B772ER
 
Ejazz
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 8:21 pm

Thank you 9V-SVA, for bringing this topic back to reality.
Etihad Girl, You're a great way to fly.
 
SInGAPORE_AIR
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 9:13 pm

Has anyone actually met Ejazz?

Again with the capital letters. A bit angry today? Or all your life Gundu?

I am fully aware of staff retention statistics at Singapore Airlines compared to other airlines and indeed Government Linked Companies. Don't take me for a fool, that's for you to call yourself.
Anyone can fly, only the best Soar.
 
airsnaps
Posts: 299
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 10:17 pm

Wah lau!

Some domestic squabbles going on here!

Singapore_Air - Given your supreme adoration for SIA as a whole, I can understand that you must be feeling the pain at present. Ejazz & 9V-SVA are simply helping you see the light beyond your constant, extreme fantasy of what will always be a good airline at the end of the day.

To answer your question; Yes, I have met Ejazz on many occasions. In fact, we even lived on the same island together!

Regards,

Paul.
 
SInGAPORE_AIR
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 11:23 pm

No they're not. I can get people to draw back the curtains to let dark light in from more mature members.

As an SIA fan, it pains to see the airline being stretched so badly, however, one must not turn face away from reality. Unfortunately, some people get up on their high horse and try to lecture others although they really just look like short fools.
Anyone can fly, only the best Soar.
 
9V-SVA
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RE: SIA Group To Retrench 414 Staff, Details

Sun Jun 22, 2003 11:49 pm

Again with the capital letters. A bit angry today? Or all your life Gundu?

I am fully aware of staff retention statistics at Singapore Airlines compared to other airlines and indeed Government Linked Companies. Don't take me for a fool, that's for you to call yourself.


Bullshit. If you were aware you wouldn't have posted that for all to see. You should never trifle with SQ staff or those in the know(like me, I have family with SQ). They know more facts about the company and it's corporate standing than you ever will.

A bit angry, no. I'm never angry. Just want to correct your misguided perspectives.

Thank you 9V-SVA, for bringing this topic back to reality.

No problems, Ejazz.

Ejazz & 9V-SVA are simply helping you see the light beyond your constant, extreme fantasy of what will always be a good airline at the end of the day.

How so true Airsnaps, I'm suprised you're saying this.

9V-SVA
9V-SVA | B772ER
 
rupertvander82
Posts: 400
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RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 12:17 am

Damn. I was hoping that SQ will bounce back soon and start hiring flight stewards. Then I can abandon my university plans and work in the cabin for SQ.

And enough of this bickering! We all have to go hand in hand and pray that SQ will come out of this tough period of time soon!
 
Guest

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 12:27 am

I am unimpressed.

Then again, Singapore welcome to the harsh reality being felt by thousands of airline employees across America.
 
airsnaps
Posts: 299
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RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 12:50 am

9V-SVA,

Why are you so surprised?

Regards,

Paul.
 
hkg82
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RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 1:34 am

This has been greatly exaggerated (especially by Singapore_Air but why am I not surprised?)! It’s not like SIA is in danger of collapsing or is in a financially precarious position. This is the airline’s first major retrenchment in 20 years. That’s a most impressive record if you ask me. Aside from internal troubles (not enough pay, not focusing on staff priorities, etc.) that’s common problem in the aviation industry, relatively speaking & considering the circumstances, the airline seems to be doing okay.

But the aviation industry is in its worst-ever state & SARS has made things much more difficult, so, as CEO Chew Choon Seng said himself “We have always said that we would consider retrenchment as a measure of last resort. I am sad to say that we are now at that point”.

Hkg82.
 
Ex_SQer
Posts: 1351
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RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 3:29 am

Biography of Ex_SQer:

Ex_SQer is a former Station Manager at SIA - a member of the Star Alliance and 49% owner of Virgin Atlantic. During his tenure with the airline, he led one of his stations to win the presitigious Station Performance Award for the first time in that station's history. Ex_SQer left SIA to pursue his MBA at a highly-respected university, after which he joined a well-known management consulting firm in their Corporate Strategy practice. Ex_SQer was laid off (retrenched in Singaporean lingo) from that firm recently, and he now subsists as a freelance consultant and business plan writer. With his MBA, his understanding of business processes and his hand-on experience in the airline industry, Ex_SQer (likes to think that he) is well-positioned to provide critical analyses of the airline industry.


Still think I am Anzett?
 
SInGAPORE_AIR
Posts: 11619
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RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:02 am

Biography of Anzett:

Anzett was banned under many names and still has three or four roaming around now though one is practically dormant. Writes a load of crap and many believe in his/her/it's (how can you tell? so many profiles, locations occupations) lies and so called "professional talk". However, I am the only one who can suss him/her/it out because quite frankly, I'm the only one who gives a damn because I don't like fakes and people who pull the wool over other's eyes. I unveil them.
Anyone can fly, only the best Soar.
 
Ex_SQer
Posts: 1351
Joined: Wed Apr 24, 2002 5:43 am

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:22 am

Gosh, do I sense paranoia hidden among this boy's myriad other psychological issues?

Rupertvander: I would suggest going to University first! Everyone I know who worked first before going to NUS (if that is where you are going) said they didn't enjoy the experience as much as they would have if they had gone there fresh out of school.
 
rupertvander82
Posts: 400
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RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 8:42 am

Don't worry, Ex SQer. I'm forced to go to the university. Tragic.

I'm afraid that after my honours year in NUS, SQ might deem me as over qualified to work in the cabin.
 
Businessflyer
Posts: 280
Joined: Thu Aug 30, 2001 4:23 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 10:59 am

Wow... so now myself, Ex_SQer, Ejazz and 9V-SVA are all Anzett... Maybe the four of us should all welcome S_Air when he arrives in Singapore... Although he would probably think that it was still a conspiracy...

As for Singapore Airlines...

I don't think we can get away from the fact that SQ is suffering. DPM Lee yesterday went on TV to say that SQ might take an awful long time before coming returning to its old performance. Admittedly this may just be political talk, but people I know at SQ are very worried about the cash performance and although the company could turn to shareholders, in the Singapore context, this would probably be seen as a "loss of face" - look what happened to Chartered when it was bailed out by Temasek. The company could take on more debt, but I think the focus is keeping the airline lean and mean and adjusting to the new reality and to be honest, although I do feel sorry for those made redundant, surely it is better to safeguard the future of the airline first. If you look at BA, they laid off 6-10k (?) staff within months of 9/11.

However, the flip side of this is the fact that when times are good, the staff should be equally benefited. Clearly historically this has not happened. The "contract" between staff taking the bad times and benefiting in the good times does not seem to happen in this context. But are we terribly surprised? This is the situation throughout Singapore - considering how prosperous we are, disposable incomes are very low... (but this is an entirely different debate Smile!)
 
SQ772
Posts: 1647
Joined: Wed Nov 07, 2001 5:16 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 11:25 am

I'm afraid that after my honours year in NUS, SQ might deem me as over qualified to work in the cabin.

No they won't if you can impress them during your interview rounds. SQ knows a good deal when they see one i.e. highly educated and willing to be paid peanuts.

They'll most definitely ask why you want to be a cabin crew when you have an Honors degree....but if you've got a good answer to that, you're on your way. It's pretty easy standing out among the O and A level cabin crew wannabes during the interview rounds...actually it's a breeze.

My advise to you is similar to Ex_SQer's. Get a degree first...being a cabin crew ain't that great especially when you have passengers throwing their blankets on the floor, or questioning you why there is a lack of wine choice.... in addition to that, the pay sucks!

There's always a better way to fly...
 
Ex_SQer
Posts: 1351
Joined: Wed Apr 24, 2002 5:43 am

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 11:48 am

Rupert - Nah, there are cabin crew with law degrees. Like SQ772 says, they know a deal when they see one!

By the way, are you caucasian, or do you look pure caucasian? SQ will, at the most, hire eurasian-looking female crew, and I wonder if the same holds true for male crew.
 
rupertvander82
Posts: 400
Joined: Tue Dec 24, 2002 10:19 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 12:19 pm

Okay, I can take some consolation that they might hire me as a cabin crew after my degree. As for they pay... well, I do not think I'll be too bothered with the pay if I get to do some travelling. On top of that, my parents wouldn't be happy if I was to work as a steward for anything more than 4 to 5 years. So it's inevitable I'll have to look for a better paying job later, if I can even find one, that is.

Sigh.. all the expectations and pressures that come from parents.

And no, I'm neither female nor caucasian.  Smile

*

Businessflyer: No, I do not think S_Air thinks that 9V-SVA is Anzett. I think Tsentsan is one his candidates as a possible Anzett, judging from his previous posts.
 
Businessflyer
Posts: 280
Joined: Thu Aug 30, 2001 4:23 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 12:27 pm

Rupert... a cousin(-in-law) of mine recently wanted to become a SQ stewardess after finishing a social science degree at NUS. She wanted to do it as the job market for social science graduates is pretty rubbish at the moment. However, her mother went completely ballistic and consequently she had to give the idea up - we all know how parents have certain expectations Smile! Apparently the idea of her being a SQ stewardess did not fulfill her mother's dreams!

So like all the others, I would strongly recommend getting a degree first but try and avoid the social sciences (unless you are reasonably confident of doing so well in something like economics that you can land a banking or consultancy job!)...

As for S_Air... what can I say...?! Maybe we should organise a welcoming committee for him when he comes over!!?
 
rupertvander82
Posts: 400
Joined: Tue Dec 24, 2002 10:19 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 12:51 pm

*gasp* I'm going to major in Economics! I know the market for social science grads is pretty bad currently, hence I was thinking if I'd to major in Economics, might as well aim for a PhD. To be on the safer side when I'd to come out of the job market.

Then again, I really want to work as a cabin crew for a few years. So I'm pretty much in a dilemma now. However if I do not qualify to study a PhD for Economics, which is 99.9% of a chance, I'd jump straight to the next interview for male stewards! I'd like to prove that not all SQ flight attendants have brains the size of a peanut, unable to carry out conversations with the passengers!

My sisters who are currently in NUS wants to work for SIA in the cabins too... I'm hoping that things will turn out better for SQ.

*

My assumption why the recent job retrenchments by SQ shook the entire Singapore population is because SQ has always been looked as an elite company that provides very safe job security for the employees. Well, for those unknowing Singaporeans (which makes up 99% of the population) of course. And these unknowing people thinks that working for SIA will get you big bucks and of course, job security. Hence when the retrenchments took place, it made headlines instantly.

For the past decades, the newspaper has always been reporting on SQ's awards, multi million profits, their icon status blah blah blah... hence it was rather disappointing for many Singaporeans when SQ reported they were loosing millions of dollars every week during the SARS crisis.
 
Businessflyer
Posts: 280
Joined: Thu Aug 30, 2001 4:23 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 1:31 pm

Rupert...

Interested to hear that you are thinking of studying economics. That is my background. I just dropped you an e-mail...

As for the public perception of SQ's performance... you are probably right, but that probably reflects general ignorance in that profits do not necessarily feed into a huge cash pile. In fact, SQ's cash position at the moment is believed to be problematic, especially when compared to other operators such as BA. I can, therefore, understand why SQ is having to do what it does. It is not very pleasant but business rarely is Smile!

Anyway, I go back to my original point is that there is no quid pro quo in terms of employee relationships. Sure, ask employees to save costs when times are bad, but when times are good, should they not benefit through higher salaries?
 
tsentsan
Posts: 1921
Joined: Mon Jan 28, 2002 10:48 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 1:48 pm

Businessflyer: No, I do not think S_Air thinks that 9V-SVA is Anzett. I think Tsentsan is one his candidates as a possible Anzett, judging from his previous posts.

He can call me whatever name he wishes it does not bother me. I've got nothing to hide and I've done nothing wrong. I've met most of the people on this thread in real life. Most of us there though, have yet to meet our esteemed friend. Perhaps it should be more appropriate to be asking him if he is truely who is says he is, and not "Anzett" himself.

Cheerios,
-ttt
NO URLS in signature
 
9V-SVA
Posts: 1747
Joined: Wed Aug 29, 2001 3:54 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 2:47 pm

Gosh, do I sense paranoia hidden among this boy's myriad other psychological issues?

Yes, EX_SQer, that is very true, given his latest trip report where he "abuses" flight attendants who are there to mainly save your ass, not suck up to it, I'm unsuprised. Also the fooling about with tampons, clearly he has many psychological issues!

However, I am the only one who can suss him/her/it out because quite frankly, I'm the only one who gives a damn because I don't like fakes and people who pull the wool over other's eyes. I unveil them.

Don't bother. None of them(Businessflyer, Ex_SQer, me, Tsentsan, Ejazz, etc) whom you "targeted" without success are NOT Anzett. Keep trying, but this time you have really focused on the wrong targets. Don't like us saying these about your beloved SQ(ok I admit I do still like it a lot)? Too bad, FACE IT, it's the truth. Every word that was mentioned is real and not fiction(not that we are good story-spinners)

Get a degree first...being a cabin crew ain't that great especially when you have passengers throwing their blankets on the floor, or questioning you why there is a lack of wine choice.... in addition to that, the pay sucks!

Haha SQ772, I like your choice of passenger tantrums! Yes it is indeed true, cabin crew are one of the lowest on SQ's pay scale, but it's the flight allowances that make up for it.

As for S_Air... what can I say...?! Maybe we should organise a welcoming committee for him when he comes over!!?

For what? I've got better things to do with my time. Let him keep thinking the FOUR of us are Anzett for all I care. He can go on with his delusions.

9V-SVA
9V-SVA | B772ER
 
airsnaps
Posts: 299
Joined: Thu Nov 09, 2000 10:44 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 3:58 pm

Darryl,

Why are you so surprised?

Regards,

Paul.
 
9V-SVA
Posts: 1747
Joined: Wed Aug 29, 2001 3:54 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:01 pm

Hold it Paul, how did you know my name, oh and about the surprised bit, never mind about it, it was just a casual comment.

9V-SVA
9V-SVA | B772ER
 
Ex_SQer
Posts: 1351
Joined: Wed Apr 24, 2002 5:43 am

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:14 pm

try and avoid the social sciences
True. I did one of the social sciences and even with a first class honours I could only secure jobs from GLCs. I had to spend all my $$ on an MBA so that I could enter into Businessflyer's field... and now I am jobless... sigh...
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:18 pm

Gundu - an apt name I might add - you have a compulsion to strike anyone down whom you don't agree with, with flambait language. Think of what you will become when you're older... a crook in Singapore?

How you could think that you are Anzett is beyond me. That's more self-flattery than anything else.
Anyone can fly, only the best Soar.
 
airsnaps
Posts: 299
Joined: Thu Nov 09, 2000 10:44 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:20 pm

Hi again,

Your name is visible through your ICQ details of which the number you've listed on your Member Profile page.

Buy yourself a camera and get shooting over at Changi! Very few photos appearing from there now...

Regards,

Paul.
 
9V-SVA
Posts: 1747
Joined: Wed Aug 29, 2001 3:54 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:20 pm

Haha, Ex_SQer, you "suay", you do social science you are effectively screwed.

9V-SVA
9V-SVA | B772ER
 
rupertvander82
Posts: 400
Joined: Tue Dec 24, 2002 10:19 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:28 pm

Ex SQer: Why not work for SIA again? *grin*

Businessflyer: It's either Economics or English Literature. I've a strong passion for both subjects, and even thought of majoring them both. But they are not related, and furthermore, English Literature in Singapore is not a very practical option to pursue, unless I'd like to be a teacher. Which of course, I have no interest.

S_Air: How do you know the word 'gundu'?  Smile
 
9V-SVA
Posts: 1747
Joined: Wed Aug 29, 2001 3:54 pm

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 4:31 pm

Yes, it's no use pursuing English Lit in Singapore, you'd never find a useful job with it unless you want to teach Literature in secondary school.

"Gundu" was my previous username before my current 9V-SVA.

9V-SVA
9V-SVA | B772ER
 
Ex_SQer
Posts: 1351
Joined: Wed Apr 24, 2002 5:43 am

RE: SIA Group To Retrench 414 Staff, Details

Mon Jun 23, 2003 6:17 pm

Rupertvander: Work for SIA again? You're kidding, right?

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