Grab Singapore announces 20% pay cut for senior management as Covid-19 pandemic affects business

Grab Singapore has encouraged its staff to voluntarily apply for no-pay leave as the company's revenue has been adversely affected by the Covid-19 pandemic. — AFP

Grab Singapore has announced that its senior management have taken a pay cut of up to 20% while staff members will be asked to apply for no-pay leave as its business has been affected by Covid-19, according to a Straits Times report.

"As our revenues continue to fall, senior Grab leaders have taken a pay cut of up to 20% and Grab staff have also been encouraged to take no-pay leave voluntarily," the company's head of transport Andrew Chan said in a note to drivers on April 29.