SIA unit in wage cut talks


SINGAPORE: Singapore Airlines (SIA) unit Singapore Airport Terminal Services (SATS) said it was discussing potential wage cuts with its employees' union after sales fell 18.7% year-on-year to S$62.4mil in April. 

For the year ended March, SATS' net profit rose to S$214.7mil from S$212.9mil a year earlier on the back of tax write-backs, it said. – AFX 

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