Singapore Airlines Ltd said on Thursday it would cut 4,300 positions, or around 20% of its staff, due to the debilitating impact of the coronavirus pandemic on demand in the largest job losses in its history.
The airline said after taking into account a recruitment freeze, natural attrition and voluntary departure schemes, the potential number of staff affected would be reduced to around 2,400 in Singapore and overseas.
The company reiterated its forecast that it expected to operate less than 50% of its normal capacity by its financial year end of March 31, 2021. It is currently at 8%.
The airline has no domestic network and is wholly dependent on international demand at a time when many borders remain effectively closed.
