Carrier plans ‘bold, radical’ restructuring to cut cost
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