The Logistician
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt
No Result
View All Result
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt
No Result
View All Result
The Logistician
No Result
View All Result
Home Mode Air

Singapore Airlines Announces Thousands Of Job Cuts

11/09/2020
in Air, Mode
Singapore Airlines cắt giảm hàng nghìn vị trí
0
SHARES
22
VIEWS
Share on FacebookShare on Twitter

Today, Singapore Airlines has said that it will reduce its workforce by over 4,000 employees. The airline, feeling the effects of COVID-19, plans to become a smaller carrier. It will accomplish its staff reductions through layoffs and hiring freezes over an undefined period.

Singapore Airlines 787-10
Singapore Airlines plans to remove 4,300 people from its workforce. Photo: Getty Images

Singapore to shrink its workforce

Despite more people choosing to travel than those that have in recent months, air travel is still low. Airlines are struggling to ramp up demand for tickets where coronavirus still poses questions surrounding travel restrictions.

Feeling the brunt of the outbreak, Singapore Airlines has recently said that it plans to shrink its workforce. The airline is planning to remove 4,300 staff to cut costs and work to become a smaller airline.

2,400 employees are existing Singapore Airlines staff members who will be laid off. A further 1,900 people will remove themselves from the airline as a result of voluntary departures or hiring freezes. This figure represents a 15% cut to the Singapore Airlines workforce.

Singapore airlines B777 retroit with staff
Singapore Airlines will lose 15% of its workforce. Photo: Singapore Airlines

According to a statement seen by Reuters, the CEO of Singapore Airlines, Goh Choon Phong, reassured that,

Advertisement:

“[This decision] is not a reflection of the strengths and capabilities of those who will be affected, but the result of an unprecedented global crisis that has engulfed the airline industry.” 

Becoming a smaller airline

To manage uncertainty around travel demand, Singapore Airlines is reducing its operation. It’s a tactic that has been carried out by many airlines with unfortunate knock-on effects. For Singapore Airlines, it won’t just be a shortage of staff. The airline also plans to reduce its fleet.

According to Planespotters.net, the airline owns 131 aircraft in its fleet. It is a young, Airbus-dominated collection of planes with a hopeful future.

B777-200ER SIA in flight
Singapore Airlines will also need to reduce its fleet. Photo: Singapore Airlines

Singapore Airlines has:

  • Eight Airbus A330-300;
  • 48 A350-900 XWB; and
  • 19 A380-800.

In addition, it has Boeing 777s and Boeing 787-10 Dreamliners. This varied fleet has previously allowed the airline and its subsidiaries, Scoot and SilkAir, to operate in 130 destinations around the world. However, that will now change.

Struggling to fill its flight schedule

Like many airlines, Singapore Airlines has needed to adjust its flight schedule. That said, the percentage of scheduled upcoming flights is well below the volume operating in 2019.

This month, the airline has just 7% of its scheduled 2019 services planned. For October, it doesn’t look much better. Only 8% of scheduled 2019 flights will happen next month. By November, just 11% of its scheduled flights will be up and running.

B777 SIA
Singapore Airlines does not have the benefit of a domestic market. Photo: Singapore Airlines

In terms of revenue and bouncing back from the pandemic, this creates a problem. However, it’s the nature of Singapore’s airline industry that will hinder its flag carrier. Singapore does not have a robust domestic market. It’s too small to make that a reality. Where some other airlines have been able to rely on strong domestic connections – think the United States – Singapore in hindered.

To get itself up and running, it needs international leisure tourism and business travel. Yet, where borders are still closed or entry restricted, that could be difficult.

For now, Singapore Airlines is relying on a handful of routes to bring its revenue. These include services between Singapore and:

  • Hong Kong;
  • Jakarta;
  • Los Angeles;
  • Sydney; and
  • Tokyo.

Its total destinations cover 34 cities on four continents.

Source: Simpleflying
Previous Post

Port of Long Beach breaks TEU August record

Next Post

DP World set to move into logistics services as it eyes new investment targets

Related Posts

Korean Air sẽ sở hữu hạm đội máy bay A380 lớn thứ hai thế giới sau khi mua lại Asiana Airlines
Air

Korean Air’s Asiana Merger Will Create The Second Largest A380 Fleet

25/02/2021
10 Largest Container Shipping Companies in the World in 2021
Sea

10 Largest Container Shipping Companies in the World in 2021

17/02/2021
VietJet Air sinh lời trong năm 2020 bất chấp dịch bệnh
Air

How VietJet Air Turned A Profit In 2020 Despite The Global Pandemic

03/02/2021
Kế hoạch tái cấu trúc nợ của PIL được đồng thuận, hãng tàu thoát khỏi nguy cơ phá sản
Sea

Successful debt restructuring saves PIL from becoming ‘the next Hanjin’

03/02/2021
Cước biển Á-Âu giảm nhẹ nhờ có thêm container rỗng
Mode

Asia-Europe ocean spot rates sail into calmer waters as boxes are returned

01/02/2021
Hãng tàu CMA CGM sẽ chịu trách nhiệm vận hành bến cảng mới tại cảng biển Alexandria, Ai Cập
Sea

CMA CGM to run new terminal in Alexandria port

01/02/2021

PHỔ BIẾN

Tại sao container rơi xuống biển và ai sẽ là người chịu trách nhiệm? Phần 2: Truy cứu trách nhiệm

Why do containership stacks collapse and who is liable?- Part 2: Legal liability

20/06/2020
Tình trạng khan hiếm container đang trở nên nghiêm trọng ở khu vực châu Á

Container Availability drops across Asia prior to Shipping Peak

17/09/2020
Vietnam Airlines sẽ bay quốc tế từ 1/7

Vietnam Airlines plans to re-operate international flights from July 1st

12/06/2020
A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

22/05/2020

NỔI BẬT

Vượt trở ngại Covid-19, Vinamilk xuất khẩu sữa sang Trung Quốc

Covid-19 – the obstacle overcome: Vinamilk exported milk to China

22/04/2020
Cấp phù hiệu riêng cho xe vận tải ra-vào cảng Đà Nẵng giữa tâm dịch

Issue specific badges for vehicles entering and leaving Da Nang port in the middle of Covid-19

05/08/2020
Người thắng cuộc thực sự trong cuộc chiến tranh thương mại Mỹ – Trung

The real winners of the US-China trade dispute

09/11/2020
Samsung phủ nhận về việc chuyển nhà máy sản xuất màn hình từ Trung Quốc sang Việt Nam

Samsung Denies Reports of Move of China Display Output to Vietnam

22/06/2020
  • Home
  • Mode
  • Industry
  • Technology
  • Library
  • Contact us
  • Tiếng ViệtTiếng Việt
Email: info@logistician.org

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

No Result
View All Result
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.