TurbJet announces wage cuts

[Correction on third paragraph changing salary per year to per month and on fourth paragraph on deputy director name]

Ferry company TurboJet has notified employees that it will reduce the wages of workers who currently receive salaries above HK$10,000 (US$1,249) per month, Hong Kong media reported.

Employees from the company included in the Shun Tak Group were notified last Friday that they will have until January 16 to accept the salary reduction otherwise they will have their contract terminated.

The company decision will see employees receiving up to HK$70,000 per month to see a 12 per cent wage cut, with wages between HK$30,001 and HK$70,000 cut 10 per cent and with an 8 per cent cut for salaries between HK$10,001 and HK$30,000.

Abou 1,000 Turbojet employees are believed to be impacted by the decision, and according to Hong Kong 01, Bill Tang Ka-piu, deputy director of the Rights Committee of the Federation of Trade Unions, nearly a hundred requests for help have been submitted by employees.

Macau News Agency contacted TurboJet to inquire about the decision but no reply had yet been received when this article was published.

Shun Tak had indicated previously that the number of passengers carried by TurboJet in its Hong Kong-Macau route had dropped 32 per cent year-on-year to some 4.6 million passengers during the first half of this year after the opening of the Hong Kong-Zhuhai-Macau Bridge (HZMB) in October, 2018.

This decrease led to the ferry company – the brand name of Shun Tak-China Travel Shipping Investments Limited – to report some HK$70 million in losses in the first half of 2019, after recording some HK$186 million in profits in the same period last year.