SINGAPORE Singapore Airlines (SIA) announced a major business transformation plan on Friday (May 19), entailing a review of all its business divisions and processes, after reporting an unexpected fourth-quarter net loss of S$138 million.
This was the companys first loss in five years.
The flag carrier said it will be taking bold radical measures, with a focus on enhancing cost and service efficiencies to better position the company for long-term growth.
In response to queries on potential job losses as a result of the transformation drive, SIA chief executive officer Mr Goh Choon Phong said, There will certainly be changes in the way we do things and staff will have to pick up new skills So…
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