Sembmarine losses widen on pandemic disruptions
First-half net loss almost tripled to $138m owing to a reduction in operating activities. All normal production stopped in the second quarter as the Singapore government clamped down on the movement of foreign workers, thereby making labour scarce at the yards
The management has taken pay cuts, ranging from 5% to 15%, led by chief executive Wong Weng Sun, who has volunteered a 50% pay cut. Activity is gradually resuming
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