Thomson Medical Group's directors to cut their salaries by 20%

These salary adjustments are set to take effect on 1 June.

Thomson Medical Group (TMG) announced that its board of directors has voluntarily cut their fees by 20%, whilst its senior management will forgo their annual wage increment, performance bonus, and annual wage supplement in 2020, according to a local bourse filing.

These salary adjustments are set to take effect on 1 June.

TMG stated that since the circuit-breaker began, the demand for their services have been mixed. Demand for the group’s obstetric services in Singapore continued to be healthy, whilst several of their services and satellite clinics remained closed, with others operating under significantly restricted conditions.

In Malaysia, the Movement Control Order (MCO) has impacted patient loads at the hospital and fertility operations, as affected parties are compelled to postpone non-emergency treatment.