SATS announces further pay cuts, warns Covid-19 expected to 'substantially' impact earnings

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SINGAPORE (March 9): Airline gateway services and food solutions provider SATS is slapping on more pay cuts amid the spread of the novel coronavirus (Covid-19).

On Feb 19, SATS had already unveiled a series of cost reduction measures, including a 10% reduction in pay for the senior management team.

But the company on Monday offered a bleaker outlook amid the outbreak, and said it has decided to...(click on link for full story on