SINGAPORE: Aircraft engine manufacturer Pratt & Whitney has laid off 20 per cent of its workforce in Singapore - making up about 400 of the more ...
SINGAPORE: Aircraft engine manufacturer Pratt & Whitney has laid off 20 per cent of its workforce in Singapore - making up about 400 of the more than 2,000 employees it has locally - the firm announced on Monday .
In a joint statement, SISEU and Pratt & Whitney said they were committed to ensuring that “due process is observed and affected employees are accorded fair treatment and compensation packages”.The statement noted that the commercial aviation sector is currently expected to only return to pre-COVID-19 levels in 2023 at the earliest, although Pratt & Whitney said it hoped for an earlier recovery to allow employees to return to work if they wished to do so.
It noted that the four Pratt & Whitney companies had been working with SISEU and the National Trades Union Congress on cost-cutting measures since April. Affected workers who are union members will also have their membership paid for until the end of this year, to allow them to enjoy benefits such as union bursary awards, financial relief under NTUC care and support programmes and insurance coverage.
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