Singapore Airlines 2004 Annual Report Download - page 22
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Our People
The retrenchment exercise mentioned
earlier in this report was the first on such
a scale for two decades. But for the
sacrifices made by staff in terms of wage
cuts and no pay leave, even more jobs
would have been lost.
Management and five unions in the
SIA Group reached agreement on wage
cuts. With effect from 1 July 2003, the
basic salary component for different staff
categories was reduced by between five
and 16.5 per cent. All parties agreed to
a formula for a make-up lump-sum
payment to staff, plus an additional 15
per cent if the annual profit attributable
to share-holders topped $600 million.
This figure was subsequently exceeded.
At the end of the financial year, the staff
strength of the SIA Group worldwide
stood at 28,707. Of these, 13,456 were
employed by the Airline and the
remainder by its subsidiaries. The Airline
employed 6,464 cabin crew (including
trainees), 1,857 Singapore-based pilots
and 111 overseas-based pilots as at the
end of the financial year.
Safety, Security
and Environment
SIA takes a long-term view of the
sustainable development of its air
transportation and related businesses.
This includes the broader responsibilities
to the worldwide communities that it
serves and recognition that its operations
take into account the preservation of
the environment.
Information on SIA’s key environ-
mental activities and performance can
be obtained in our Environmental
Report, a copy of which can be viewed
and downloaded from our website:
www.singaporeair.com
20 SIA Annual Report 03/04