International Business & Economy Brace yourself - Long winter is coming suggests Keppel Corp and CEA's...

Brace yourself – Long winter is coming suggests Keppel Corp and CEA's latest reports

Author

Date

Category

- Advertisement -

Keppel Corporation has reported that in a bid to cut costs and optimise its operations, it has let go of about 6,000 direct staff in its Singapore and overseas yards since January 2015, and that its Singapore subcontract workforce has been brought down by 24% or about 7,900 headcount over the same period.
Keppel’s CEO Loh Chin Hua presenting the report said that it is bracing itself for a possibly long winter. “We need to ensure that our overheads are well under control and that we are ready if the market conditions get tougher,” he said.
Keppel’s shrinking staff numbers only shows that the offshore and marine segment here is suffering from a severe downturn.
Meanwhile the Council for Estate Agencies (CEA) in its latest statement said that the there were 1,299 new salespersons who joined the industry in 2015 and that this is a decrease from the 3,006 new salespersons in 2014.
CEA also said that a total of 104 estate agents and 3,573 salespersons have left the industry.
Commenting on the overall decrease in the number of registered salespersons, Mr Heng Whoo Kiat, Director, Policy & Licensing, CEA, said, “this could be a reflection of the property market sentiments.”

Please follow and like us:
Tweet
Share
No tags for this post.
- Advertisement -

Some Sengkang GRC residents concerned after HDB blocks get painted red

Sengkang GRC MP Louis Chua Kheng Wee revealed last week that some of his residents were unhappy with the red colour scheme that was selected for HDB façade repainting works, even though the colour scheme was chosen by popular vote. Mr Chua,...

“Your scores do not define you” – Education Minister urges pupils against dwelling too much on PSLE results

Education Minister Lawrence Wong reminded 12-year-olds across the nation that they are not defined by their examination scores, as the students collected their Primary School Leaving Examination (PSLE) results yesterday (25 Nov). The PSLE is a national examination in Singapore taken by...

“How a child does at 12 years old does not determine his future” – Ex-Education Minister

Former Education Minister Ong Ye Kung opined that how young Singaporeans do on their Primary School Leaving Examination (PSLE) does not determine their future, as 12-year-olds across the nation collected their PSLE results yesterday (25 Nov). Mr Ong served in the Ministry...
Please follow and like us:
Tweet
Share
No tags for this post.
Follow Me
Tweet