SINGAPORE - Twenty-seven employees will be affected by a retrenchment exercise at Boeing Asia Pacific Aviation Services (Bapas), a joint venture between The Boeing Company and SIA Engineering Company.. Read more at straitstimes.com.
SINGAPORE - Twenty-seven employees will be affected by a retrenchment exercise at Boeing Asia Pacific Aviation Services , a joint venture between The Boeing Company and SIA Engineering Company.They make up about 13 per cent of the 204-strong workforce at Bapas, which provides fleet management services for Boeing aircraft.
In a joint statement with the Singapore Industrial and Services Employee's Union on Thursday , Bapas said the SISEU was notified in advance of the retrenchment exercise.The company said measures were taken at the start of the pandemic to manage costs and save jobs, but it is facing"significant financial challenges" due to the economic downturn and the unabating effect of the pandemic on the aviation industry.
SISEU and NTUC's Employment and Employability Institute are also working to provide job-matching and training support to the workers, the joint statement said. In response to queries from The Straits Times, a spokesman for Bapas said prior to the retrenchment exercise, 79 per cent of its workforce were Singaporeans."If Bapas were to include the number of permanent residents, the percentages will change to 91 per cent and 93 per cent respectively," the spokesman added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 pace slows worldwide except for Southeast Asia, eastern Mediterranean: WHOThe COVID-19 pandemic is still expanding, but the rise in cases and deaths has slowed globally, except for southeast Asia and the eastern ...
Read more »
Asia-Pac fintech funding up 9% in Q2 as investors set sights on Asean, Australia: S&PFUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia. Read more at The Business Times.
Read more »
Asia shares set to rise after US equities hit new record in tech spikeAsian stocks will likely climb on Thursday after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar ...
Read more »
Asia shares take a breather, hope for flexible FedAsian stocks will likely climb on Thursday after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar ...
Read more »
Asia markets hurt by fresh tensions, eyes on Powell speechHONG KONG (AFP) - Most markets fell on Thursday (Aug 27) ahead of a key policy speech by Federal Reserve chief Jerome Powell, while geopolitical concerns returned after Beijing fired missiles into the South China Sea and the US sanctioned several Chinese firms linked to the disputed region.. Read more at straitstimes.com.
Read more »