Saturday, June 6, 2015

How much bonus will SIA pays it staff this July ?

For the full year ending 31 March 2015, SIA net profit went up 2.34% to S$367.9 million. This is by no means a small feat in the face of a fierce cut throat and challenging environment. The company is also in great financial shape with a net cash position of $5.25 billion as at 31 March 2015.
But the question now is how much bonus is SIA going to pay its staff in July this year? The shareholders are being rewarded with a 17 cents dividend for every share they own. 
Well my guess is the staff will be paid around 1.5 month bonus. Perhaps, they may even get a small SG50 ex gratia payment. As for now, the staff will just have to wait for the good news which will be announced by end June.
Meanwhile SIA share closed down 6 cents to $10.78 on a volume of 1.166 million yesterday Friday 5 June 2015.


Anonymous said...

Boh Tong's friends in SIA ... Please give him more info leh. He wants to share with his network at this website.

1) SG50 bonus to employees is $150
2) Unions are still in the midst of negotiating the PSB formula with the Management.
3) Net Profit went up is mainly due to lower fuel cost. Management does not think it is sustainable to give people more since the price is expected to fluctuate in the long run.

EMployees are also anxious to know the numbers for SI.

Anonymous said...

I hope
no bonus
ther is retrenchment
change in job scope with less pay
that union also agree just so to "keep jobs..." ( which means you are just a horse)

Love to see many employees leave SQ and replaced by PRC,INdian and Ninoys..