Tag: pay
Deloitte UK partner pay rises further past £1mn
Deloitte’s British isles partners took home £1,058,000 on normal this yr thanks to booming action in its mergers and acquisitions advisory enterprise, but the Significant Four auditor’s boss warned that it faced “economic headwinds”. The figure topped last year’s payout by £8,000 but the 2021 outcome was boosted by the sale of a enterprise. This time,
New Zealand PM Jacinda Ardern, ministers take 20% pay cut due to COVID-19 impact
WELLINGTON: New Zealand Prime Minister Jacinda Ardern, ministers in her government and public service chief executives will take a 20 per cent pay cut for the next six months given the economic impact of the coronavirus pandemic. “This is where we can take action and that is why we have,” Ardern said on Wednesday (Apr 15)
Malaysia’s AirAsia founders not taking salary; staff members accept up to 75% pay cut
KUALA LUMPUR: The founders of Malaysia’s AirAsia Group will not take salaries and its staff has agreed to an as much as 75 per cent cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday (Apr 11). Tony Fernandes said in an Instagram
ComfortDelGro board, top management to take pay cuts amid COVID-19 outbreak
SINGAPORE: ComfortDelGro Group on Monday (Apr 6) announced that its board of directors and senior management would be taking voluntary fee and pay reductions amid the ongoing COVID-19 pandemic. Directors of the group’s three listed companies – ComfortDelGro, SBS Transit and VICOM – will take a voluntary 20 per cent cut in directors’ fees until
COVID-19: National Wages Council suggests management lead by example when cutting pay
SINGAPORE: With the unprecedented economic crisis caused by the COVID-19 pandemic, struggling companies considering wage cuts should have their management teams lead by example, the National Wages Council (NWC) said on Monday (Mar 30). Its recommendation came after official estimates released last week showed that Singapore’s economy contracted by 2.2 per cent year-on-year in the first
COVID-19: Malaysian Prime Minister Muhyiddin Yassin, top ministers to take pay cut
KUALA LUMPUR: Malaysian Prime Minister Muhyiddin Yassin, ministers and deputy ministers will take a two-month pay cut and the money will be donated to the country’s COVID-19 fund. The Prime Minister’s Office in a statement on Thursday (Mar 26) said the matter was decided in a Cabinet meeting the day before to prove the government’s commitment to helping those badly affected
Commentary: Maybe it’s time to pay more for grocery and food deliveries
CHAPEL HILL, North Carolina: A series of recent protests by the workers preparing and delivering our essential foods and other goods highlights a key risk to our ability to combat the coronavirus. Some employees at an Amazon warehouse and Instacart “shoppers” briefly walked off the job on Mar 30, citing inadequate health protections and compensation.