3. For employees who reached the age of 62 before January 1, 2013, all clauses of this Agreement apply to them, with the exception of the relevant position/grade/title and the salary of such rehired employees as follows: SIA Engineering expects to save S$1 million ($687,000) per month after entering into an agreement with the personnel unions; That employees do not take paid leave. This comes after agreements were reached with sia Engineering Company Engineers and Executives Union, Singapore Airlines Staff Union and Air Transport Executive Staff Union, says SIA Engineering. Your union is pleased to report in the minutes that this is the first time a collective agreement has been reached within the CSA before the current agreement expired. « When the unions were informed that ESA management had begun to inform employees that they could be fired, the National Trades Union Congress (NTUC) and the unions took decisive action and intervened to halt further company action until an agreement could be reached. 4. Current difficult environment The importance of this service increment agreement requires special mention. The company has proposed to apply for 2013 the same increase in service as the previous year, due to the currently difficult business environment where competition is intense, which leads to a significant decrease in efficiencies and high fuel prices. Your union has pointed out, however, that the joint implementation of our Towards Optimal Productivity (TOP) initiative has yielded positive results for both the company and employees.

At present, 5 departments of the company have undergone some job restructurings and redesigns that have resulted in 23 promotions based on employee skills and productivity improvements for the company. The Workplace Improvement and Innovation Scheme (WINS) also won a dozen awards, which were given in recognition of employees` ideas for improving and improving processes. Recognizing employees` efforts to improve their contributions in the workplace and increase productivity in the ranks, the company was convinced that there were reasons to pay for a reasonably larger increase in the number of services for 2013. The union looks forward to more of its employees participating in TOP initiatives so that the company and employees can remain relevant and competitive. With these joint efforts by all parties to improve overall productivity, the Union would in turn be better positioned and leveraged to negotiate better terms. 1. Profit Sharing Bonus (PSB) PlanThe performance ratios of the plan are: a) Nitec Superior – 1900b) Polytechnic Diploma – $2000 3. SPECIAL INCREASE FOR NON-TECHNICAL STAFF (New) Non-technical staff (storers, planners, staff and other auxiliaries) receive a one-time increase in base salary of $20 effective 1 January 2012. The company will also manage its surplus workforce by sending people to training programs as part of the Singapore government-funded skills program, it is said. M. Ng added: « In order for everyone to understand that the NTUC will work to protect our employees, I have allowed our unions to prepare for union action if it is necessary to convince management not to take unilateral decisions. We wanted a fair trial. 4.2 On 1 April 2014, in a spirit of goodwill and profit-sharing, the company will share part of the salary balance with staff as a one-time payment.

A staff member who is promoted or upgraded to a higher grade shall receive with effect from the 1st For staff whose entitlement to annual leave exceeds 20 days per calendar year at the time of retirement, their annual leave in the event of re-employment shall be 2 days less than their entitlement at the time of retirement o By the Head of Department for the physical requirements of the post re-employed; and in accordance with the CURRENT CA and as such, retirement travel benefits are not valid during the period of re-employment. . . .