| MGMT3006: Business Ethics |
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 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