Wage woes: Some local employers plan to scrap staff bonuses this year
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Some employers in the private sector plan to not pay any bonuses to their staff this year. This is similar to the Government announcing there would be no bonus paid to civil servants at the year's end, given the weakened economic outlook caused by the Covid-1Wage woes: Some local employers plan to scrap staff bonuses this year
Some employers in the private sector plan to not pay any bonuses to their staff this year. This is similar to the Government announcing there would be no bonus paid to civil servants at the year's end, given the weakened economic outlook caused by the Covid-19 pandemic. Others, however, are still going ahead with plans to pay their staff a bonus on top of the annual wage supplement, or 13th month bonus. Mr Nick Lee, director of IT services firm AIT Technologies, said his firm has been making a loss this year as client projects were delayed amid the coronavirus outbreak. He will not be able to pay his staff an annual bonus or the 13th month bonus. «We already had to let go of two people earlier this year, but the majority of our staff have not had their salaries cut. Saving our company is the priority now,» he said. Dr Kevin Cheong, executive director of local attraction Sentosa 4D AdventureLand, also said it would not be possible for him to pay a bonus to staff. «With as good as half the year's income wiped out overnight, all of us are struggling, even after we have reopened our doors to visitors.» Read more