International Business & Economy Keppel shed 10,600 workers: How many S’poreans?

Keppel shed 10,600 workers: How many S’poreans?




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By: Leong Sze Hian

I refer to the article “Oil prices doubling is no solace yet for Keppel, world’s biggest rig builder”.

“At its offshore and marine division, Keppel reduced its direct workforce by 2,620 in the quarter through December. For the whole of 2016, the unit shed about 10,600 workers, of which 3,800 were in Singapore. “The painful but necessary measures to rightsize our O&M division must continue,” Loh said. In October, Keppel said its senior managers and directors were taking a cut in their salaries.”

How many S’poreans?

How many of the 10,600 workers are Singaporeans, permanent residents (PRs) and foreigners?

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How many S’poreans given retrenchment benefits?

How many of the Singaporeans were given retrenchment benefits?

$4.8b profits in the last 3 years?

According to Keppel Corp’s latest report for the year ended 31 December 2016 – its profits for the year ended 2016, 2015 and 2014, were $822 million, $1.6 and $2.4 billion, respectively.

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