BreadTalk Cuts Employees’ Salaries To Combat Losses Due To Covid-19
On Monday (23 Mar), Singapore Airlines announced that it will be reducing their capacity by up to 96% in light of lower demands attributing to the Covid-19 outbreak.
SIA Grounds 138 Of 147 Planes Amidst Covid-19 Border Controls, Management To Take Pay Cuts
However, the air travel industry isn’t the only one hit hard by the pandemic. F&B establishments, too, are also feeling the effects of the infectious coronavirus.
On Tuesday (24 Mar), BreadTalk revealed plans to cut employees’ salaries by up to 50% in a move to save costs.
BreadTalk cuts employee’s salaries across ASEAN countries, Hong Kong and China
According to The Straits Times, BreadTalk will be implementing the pay-cut across their operations in ASEAN countries, Hong Kong, and China.
Senior management executives in ASEAN nations including Singapore will be receiving 30-50% less, while middle-management staff will get a 10-15% reduction.
Other ASEAN countries affected by this move include Vietnam and Thailand.
1,840 employees in China and Hong Kong will also have their pay cut by 30-50%.
Saves money for the firm
BreakTalk hopes the move will save them a hopping $1.4 million a month for its China and Hong Kong operations.
In the ASEAN region, BreakTalk expects to save $177,000 per month.
While this might be a tough decision to make, the F&B industry is doing their best to keep business running in spite of the pandemic.
Though it is best to avoid crowded places and eating out now, maybe we can show support by ordering food or opting to tabao.
Featured image adapted from Inside Retail Asia.
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