Car­rier plans ‘bold, rad­i­cal’ re­struc­tur­ing to cut cost

New Straits Times - - Business -

SIN­GA­PORE: Sin­ga­pore Air­lines (SIA) an­nounced a ma­jor busi­ness trans­for­ma­tion of the na­tional car­rier yes­ter­day, after re­port­ing an un­ex­pected fourthquar­ter net loss of S$138 mil­lion (RM429.10 mil­lion).

The group is tak­ing “bold rad­i­cal mea­sures”, which will in­volve re­view­ing all pro­cesses and di­vi­sions.

The fo­cus would be on en­hanc­ing cost and ser­vice ef­fi­cien­cies to bet­ter po­si­tion the com­pany for long-term growth, said the air­line in a state­ment.

In re­sponse to queries on po­ten­tial job losses as a re­sult of the trans­for­ma­tion drive, SIA chief ex­ec­u­tive of­fi­cer Goh Choon Phong said: “There will cer­tainly be changes in the way we do things and staff will have to pick up new skills”.

He added that the com­pany would be look­ing at ways to “sup­port their re­train­ing and re­de­ploy­ment”.

Some of the cur­rent jobs would have to be re­designed be­cause some jobs may not be rel­e­vant any more, said Goh.

Ac­cord­ing to Goh, all as­pects of the air­line group’s busi­nesses will be looked at, in­clud­ing new ar­eas of growth. To­day

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