Coronavirus: SP Group directors to take fee cut, 400 front-line staff to get $1,500 e

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Coronavirus: SP Group directors to take fee cut, 400 front-line staff to get $1,500 e

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07-03-2020, 12:40 AM

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Coronavirus: SP Group directors to take fee cut, 400 front-line staff to get $1,500 e

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE - National power grid operator SP Group on Friday (March 6) said its board of directors will be taking a fee cut of 5 per cent in a show of "solidarity with the nation" amid the coronavirus epidemic.

Its senior management team will also have their performance bonus cut by one to two months for the current financial year, amounting to 8 to 15 per cent of their annual base salaries.

SP Group added in a statement that about 400 of the group's front-line officers who regularly deal...

Coronavirus: SP Group directors to take fee cut, 400 front-line staff to get $1,500 each in show of solidarity

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