Extract relevant paragraphs of CNA news article from 30 March 2020: s://.channelnewsasia.com/news/business/wage-council-covid-19-salaries-basic-12589242

"For employees with a monthly variable component (MVC), employers can adjust it downwards, with the amount depending on the company’s situation and key performance indicators.

About 37 per cent of employees in private sector companies with 25 or more workers as well as the public sector have an MVC as part of their salary, according to the Ministry of Manpower’s 2018 report on wage practices. This is equivalent to 700,000 employees.

For employers who have not implemented the variable component, they can consider cutting up to 10 per cent of basic wages. Those in management positions could receive more than a 10 per cent cut, in line with the principle of leading by example.

...

The Manpower Ministry’s permanent secretary Mr Aubeck Kam said that discussions are ongoing within the public sector, and announcements about public servant wages will be made in June."