Borneo Motors and union in mediation after proposed first-ever sales commission cut

Toyota agent Borneo Motors is planning to cut commissions paid to its sales staff.
Toyota agent Borneo Motors is planning to cut commissions paid to its sales staff.PHOTO: BORNEO MOTORS

SINGAPORE - In what may be another sign that the motor trade is bracing for a tailspin, Toyota agent Borneo Motors is planning to cut commissions paid to its sales staff - the first time it is doing so.

According to sales executives who spoke on condition of anonymity, the Inchcape company is proposing to cut commissions by $100 to $350 per car. At the same time, it is looking to raise sales targets.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content