Yong Jun Yuan · · 2 min readSingPost to lay off 45 employees ‘in the coming months’
Photo credit: SingPost
Singapore Post (SingPost) will lay off 45 employees “in the coming months” in a move to restructure the company, it said in a statement on February 19.
Those affected by the layoffs are primarily in corporate support units, with a “small number” from the international business unit.
The company said that the move is meant to “rightsize and devolve corporate functions to its business units.” It added that the initiative will eliminate duplicate functions and “improve the agility and efficiency of the business.”
SingPost also noted that the restructuring is the result of prolonged macroeconomic challenges, such as intense competition.
The company emphasized that the layoffs are not correlated with previous incidents or whistleblowing reports.
It also said that it has exhausted options to find employees alternative positions within SingPost for those in the affected roles. All the staff who have been affected will have access to outplacement and counseling services.
“We are committed to managing this process with utmost care for our employees involved,” the company added.
In December 2024, SingPost fired its CEO Vincent Phang, CFO Vincent Yik, and chief executive of the international business unit Li Yu for their handling of a whistleblower report.
See also: SingPost scandal: why it should have delivered disclosures sooner
This story was republished with permission from The Business Times. It was moderately edited to reflect Tech in Asia’s editorial guidelines.
Editing by Lorenzo Kyle Subido
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