MSN Philippines News, 1 Dec 2009
Singapore Press Holdings (SPH), one of Asia's largest media companies, said Tuesday it would halve staff pay cuts introduced earlier this year as it was hit by the economic slump.
The pay restoration will be effective from January 1, while employees will separately also be given a one-off payment at the end of next month to thank them for their sacrifice.
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Related:
Singapore Press Holdings to halve pay cuts - AFP
