Home pay cuts
Genting Malaysia is asking staff to take temporary pay cuts of between 15-20 percent as it seeks to cut costs amid ongoing Covid shutdowns, Bloomberg reports citing an internal memo.
The Hotel Association Nepal has reached an accord with workers' unions under which the pay of staff will be cut by about half. Employees will also work turns and if they are not on duty they will not be paid.
Genting Singapore said its executives and senior management have agreed to pay cuts to help to offset the impact of the coronavirus on its earnings, which it warns is likely to be significant.