Ktv Studio Owner Continues To Pay Staff Salaries Despite
The owner of popular karaoke chain, teo heng ktv studio, pledges to continue paying employee salaries during one month closure due to covid 19 outbreak. the owner, jackson teo, mentioned that the business is expected to incur a loss of s$500,000 for a month’s long closure. Despite incurring s$500,000 costs for 1 month closure, teo heng ktv studio boss continues to pay employees salary zhangxin zheng | april 01, 2020, 08:31 pm events. Being in the business for 31 years, teo heng ktv had, in recent months, made headlines for refusing to retrench their staff despite the forced shutdown due to the pandemic; paying their staff’s salaries in full since circuit breaker; donating couches from their closed outlets to elderly and needy families. Despite incurring such huge losses, jackson has made an executive decision to continue paying salaries to all his employees to help them tide through this difficult period. his business currently employs over 100 staff. in a facebook post, jackson described his employees as the “wealth” of the company. He paid his staff their full salaries and cpf contributions till funds started drying up in october. his employees then volunteered to take a pay cut. “we all took a 50 percent pay cut, ‘cos we are equal,” adds jean. “if we can open in one to two weeks’ time, we can start paying our staff full salaries again.”.
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