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SINGAPORE: The Singapore Industrial & Services Employees' Union (SISEU) said on Friday it welcomes the decision by CapitaLand to be among the first few companies in fully restoring the salary of its executives.
SISEU also praised CapitaLand for its pro-active efforts in helping workers during the downturn and its actions in building trust among staff, enabling the company to perform well in spite of the crisis.
Earlier this year, CapitaLand took steps to cut cost to avoid staff retrenchments. The management led by example, accepting a salary reduction that ranged from 3 per cent to 20 per cent.
Tan Seng Chai, senior vice president, Human Resource, CapitaLand Limited, said: "CapitaLand Group has performed significantly better this quarter than in the previous two quarters and we are seeing an improvement in the business outlook in our core markets."
- CNA/so
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