JUST IN: According to sources, the 140 staff were informed via a virtual town hall on Tuesday evening (18 August) Singapore
SINGAPORE — Some 140 media solutions and magazines staff from Singapore Press Holdings have been laid off, amounting to about five per cent of the media giant’s headcount.
The retrenchment exercise, involving personnel from the Media Solutions Division and SPH Magazines, will cost approximately $8 million. Affected staff will receive compensation on terms negotiated and agreed with the union. SPH has intensified its efforts to share content resources across its print, digital and voice platforms, and the streamlining of operations for greater efficiency and synergy has led to the redundancy of some roles, said the statement.
Singapore Latest News, Singapore Headlines
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