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Grab asks Singapore employees to take voluntary no-pay leave as Covid-19 outbreak batters business | Malay Mail

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SINGAPORE, April 30 — With its revenues taking a severe hit from the Covid-19 outbreak, Grab is encouraging its employees to go on voluntary no-pay leave. The ride-hailing firm also warned yesterday that it might no longer be able to provide its drivers with extra financial support if...

Thursday, 30 Apr 2020 04:04 PM MYT

The ride-hailing firm also warned yesterday that it might no longer be able to provide its drivers with extra financial support if Singapore’s circuit breaker restrictions to slow the spread of the coronavirus extend beyond June 1. “As our revenues continue to fall, senior Grab leaders have taken a pay cut of up to 20 per cent, and Grab staff have also been encouraged to take no-pay leave voluntarily.”

Grab’s announcement yesterday comes about a month after it said its senior leaders would take a pay cut of up to 20 per cent to tide the business and its partners over the pandemic. To help its drivers through the extended circuit breaker, Grab will shave 75 per cent off commission fees from May 4 to June 1 for new drivers who rent vehicles from its rental arm GrabRentals. Existing hirers will have their commissions waived completely until May 10.

 

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Grab Singapore announces 20% pay cut for senior management as Covid-19 pandemic affects businessGrab Singapore has announced that its senior management have taken a pay cut of up to 20% while staff members will be asked to apply for no-pay leave as its business has been affected by Covid-19, according to a Straits Times report.
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