Shipbuilder Sembcorp Marine has been hit hard by the coronavirus crisis, and the group now introduces concrete measures aimed at reducing costs.
CEO Wong Weng Sun takes a 50 percent pay cut, while senior management employees around him take a 15 percent pay cut. Mid-level managers see their pay reduced by 10 percent, and the rest of the employees will have their pay reduced by 5 percent, says the company in a press release.
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