Singapore aviation workforce receives S$870m lifeline ttgasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttgasia.com Daily Mail and Mail on Sunday newspapers.
Singapore fund to save airline hub ttrweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttrweekly.com Daily Mail and Mail on Sunday newspapers.
The wage subsidy is subject to a cap of up to S$4,600 of gross monthly wages. - ST
SINGAPORE (The Straits Times/ANN): An $870 million support package for the hard-hit aviation sector will increase wage subsidies to 50 per cent for local workers for another six months, the Ministry of Transport (MOT) said on Wednesday (Feb 17).
The Jobs Support Scheme which would be extended, as announced by Deputy Prime Minister Heng Swee Keat in his Budget speech on Tuesday provides firms in the sector with wage support of 30 per cent from April to June, and 10 per cent from July to September.
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S$870 Million OneAviation Support Package to Position the Singapore Aviation Sector for Recovery
1. The Government has announced a S$870 million OneAviation Support Package for the aviation sector in Budget 2021. Around the world, the aviation sector is among the hardest hit sectors by the COVID-19 pandemic, and Singapore is not spared. The Package will enable aviation companies to preserve core capabilities and tide through the crisis, and preserve Singapore’s position as an aviation hub post-COVID-19.
2. Many aviation companies have reduced their headcounts over the past year. Our key aviation companies have also done likewise in a very judicious manner, mostly affecting foreign manpower. We must avoid further reductions to the aviation workforce so that companies will not lose their core local capabilities, which has taken many years to build up. If the sector weakens its capabilities, this will hamper its ability to recover.