11 Oct '17, 2pm

SPH to cut 230 jobs, 130 of these will be retrenchments

Singapore Press Holdings (SPH) has brought forward its planned staff cuts slated for 2018 to this year-end. What was initially a two-year plan has been shortened to one year. This will complete the 10 percent staff cut first announced in October 2016. Advertisement Headcount will be reduced by 230. This figure of 230 includes 130 employees who will be retrenched. The remaining job reductions will result from retirement, termination of contracts and roles that will be eliminated as a result of the restructuring of work processes. Hardest hit: Newsrooms and sales This job cuts will see a total of 15 percent of the staff in the newsrooms and sales operations being reduced. This will incur retrenchment costs of about S$13 million in the current quarter. The wage bill could decline by about 8 to 9 percent as a result of these cuts. SPH chief executive Ng Yat Chung made these an...

Full article: https://mothership.sg/2017/10/sph-to-cut-230-jobs-130-of-...

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SPH to cut 230 newsroom and sales jobs by year-end

SPH to cut 230 newsroom and sales jobs by year-end

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