Sembcorp Marine chief executive Wong Weng Sun has agreed to take a 50% pay cut as part of a group-wide costs cutting initiative.
Senior executives at the Singapore-listed offshore yard group have also agreed to take a 15% salary reduction, while middle management will take a 10% cut.
Sembcorp Marine’s remaining staff also face a 5% cut in their salaries, however, those earning less than SGD 1,800 ($1,293) a month will not be affected.
