A look at the week in the Asia-Pacific
By Jordan Chong
Singapore Airlines (SIA) Group had held out longer than most in avoiding the job losses that have ravaged aviation in 2020 due to COVID-19.
Alas, that resistance ended on Thursday night, when the airline group announced 4,300 jobs would go, including 2,400 positions described as involuntary staff reduction measures.
SIA Group CEO, Goh Choon Phong, said it was the hardest and most agonising decision he had faced in his three decades at the company.
It will be a long road back for SIA, as ongoing border closures and slow progress on travel bubbles meant demand was expected to remain depressed for the foreseeable future. Capacity across SIA, SilkAir and Scoot was expected to reach 11% of pre-COVID-19 levels by November. Read More »