layoffs

Naiise exits Design Orchard, halves headcount

FOLLOWING a series of cost-cutting measures which included layoffs, design retailer Naiise is now withdrawing prematurely as the operator of Design Orchard's retail showcase, with the Textile and...

Resorts World Sentosa announces 'one-off' layoffs, pledges to protect 'Singaporean core'

RESORTS World Sentosa (RWS), which reopened to visitors in early July, is now turning to the last resort - job cuts - as the coronavirus pandemic continues to take its toll on the tourism industry.

Rolls-Royce to cut quarter of Singapore workforce

BRITISH engine-maker Rolls-Royce will shed 24 per cent of its workforce in Singapore amid expectations that demand for civil aerospace engines and aftermarket services will take several years to...

Rolls-Royce to cut 240 roles in Singapore due to Covid-19 impact

UK-based jet engine-maker Rolls-Royce will cut 24 per cent of its workforce in Singapore as the commercial aerospace market reels from the impact of the Covid-19 pandemic.

ESG investing is building resistance to layoffs

WITH Singapore in Phase 2 of its reopening, companies can now better gauge the extent of the pandemic's impact on their industries and business models and how they will need to restructure.

Singapore Airlines doesn't plan to cut jobs for now

[SINGAPORE] Singapore Airlines will focus on recovering from the coronavirus outbreak and doesn't plan to cut jobs at the moment, the Sunday Times reported, citing the carrier's chief executive...

M&C to axe 8% of global team; management salaries cut by up to 30%

MILLENNIUM & Copthorne (M&C) Hotels has reduced its global headcount by 8 per cent and furloughed another 30 per cent of staff in its owned-and-managed hotel portfolio, as the Covid-19...

Many jobs may vanish forever as layoffs mount

[NEW YORK] Even as restrictions on businesses began lifting across the US, another 2.4 million workers filed for jobless benefits last week, the government reported on Thursday, bringing the total...

Extended dining-in ban a nail in coffin for many F&B outlets

SINGAPORE'S embattled food and beverage (F&B) sector may see more closures and layoffs, with dining-in not permitted for a while longer even after the circuit breaker starts to be rolled back...

Layoffs should be last resort, employers should pay retrenchment benefit: MOM

RETRENCHMENT should be a last resort for companies to manage manpower costs, and those that have no choice but to do so should treat their employees with empathy and provide them a retrenchment...