Star Media Group in retrenchment exercise after low voluntary separation scheme take-up
Tuesday, 15 Sep 2020 06:37 PM MYTKUALA LUMPUR, Sept 15 — The Star Media Group Bhd has informed employees that it will undertake a retrenchment exercise after a previous mutual separation scheme failed to meet its jobs reduction target.
“The objective behind the exercise is to reduce the Group’s headcount in line with the contraction in the overall business. This is the third cost-cutting exercise involving job cuts in the company since 2017 but the first in which Star Media Group was directly calling a “retrenchment”.
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