WITH effect from June 1, the board of Thomson Medical Group (TMG) will take a 20 per cent cut in directors’ fees. Read more at The Business Times.
WITH effect from June 1, the board of Thomson Medical Group will take a 20 per cent cut in directors’ fees.
Meanwhile, the senior management have volunteered to forgo their annual wage increment, performance bonus and annual wage supplement this year, the healthcare group said on Thursday. These are among the “preemptive steps” TMG is taking to ensure the viability of the business and protect employees’ jobs during the Covid-19 pandemic, it added.
The group, which operates in Singapore and Malaysia, is also adopting other cost-cutting measures and continues to “fine-tune” daily operations and strategies along with the evolving business environment. Demand for TMG’s obstetric services in Singapore remains healthy, but several of the group’s service and satellite clinics remain closed during the “circuit-breaker” period while others are operating under significantly restricted conditions.
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