Tag: job cut

Survey: Thousands of job cuts, company closures in Hong Kong in upcoming months

The months of political unrest in Hong Kong is leading up to losses in the retail sector according to a survey by the Hong Kong Retail Management Association. The survey covered 176 businesses with 4,310 stores which employed 33 percent of Hong Kong's retail sector. Results...

Sasa Singapore closure to affect 170 staff, company to focus on Hong Kong market

Cosmetic retailer Sasa International announced on Monday (Dec 2) that it will be shutting down 22 of its shops in Singapore. About 170 workers will be axed by the move. Sasa stated that the performance of the Singapore stores have been "far from satisfactory" and...

More retrenchments, fewer jobs in 2019

Latest figures show a bleak trend in Singapore's labour market. The Ministry of Manpower (MOM) reported in its most recent labour market study that retrenchments increased from 2,320 in Q2 to 2,900 in Q3. Service industries faced the most number of job cuts followed by manufacturing...

Singapore Press Holdings job cuts to affect 130 employees

Singapore—More than 130 employees of Singapore Press Holdings (SPH) will reportedly be affected by the recently announced company restructuring. An estimated 70 employees, excluding newsroom staff, will be laid off which will cost the company S$8 million according to an initial report by CNA. SPH publishes...