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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