Report: Genting Group to slash staff salaries amid Covid-19 setbacks
Tuesday, 21 Apr 2020 04:04 PM MYTInternational news agency Bloomberg reported that this marks the first-ever group-wide salary cut since Genting was founded in 1965. — Reuters pic
Supported by group chief executive Tan Sri Lim Kok Thay, the proposed cuts will see as much as a 20 per cent temporary reduction of basic salary for employees based on their ranks, while Genting Hong Kong Limited proposed up to a 50 per cent cut for those holding vice-president positions or higher. Genting Group’s chief operating officer Tan Kong Han was quoted as saying that the group’s businesses have been badly affected, leading to a significant reduction in revenue.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prison academies risk becoming new Covid-19 clusters, warns rights groupEDICT says it is the taxpayers who will have to pay the awards handed out by courts for wrongful deaths. FMTNews Covid19
Read more »
MOH: 30 Covid-19 clusters in Malaysia, Magetan group leading new cases | Malay MailPUTRAJAYA, April 20 — The student cluster who returned from Magetan, East Java yesterday recorded the highest rate of infection today with 11 out of 36 new positive cases said Health Director-General Datuk Dr Noor Hisham Abdullah. In a press conference today, he announced that among 30 active...
Read more »
Gleneagles Hospital KK quarantines all staff who handled Covid-19 patientKOTA KINABALU: Gleneagles Hospital Kota Kinabalu has quarantined all staff who handled a Covid-19 positive woman who underwent emergency surgery there last week.
Read more »
1 more Covid-19 death but recoveries exceed new cases yet againA total of 95 people have recovered, bringing the total to 3,197. FMTNews Covid19Malaysia
Read more »
1 kematian, jumlah pulih terus atasi jangkitan baru Covid 19Sejak kelmarin, kes positif Covid-19 yang dilaporkan oleh KKM hanya melibatkan 2 angka, iaitu tidak melebihi 100 orang. FMTNews Covid19 PKP KKM
Read more »
Former deputy health minister hits out at Najib over Covid-19 remarksDr Lee Boon Chye says Najib Razak does not understand Covid-19 and how it has spread in Malaysia. FMTNews Covid19 Malaysia
Read more »