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Suntec Singapore slashes headcount by almost half, lays off 85 workers


The_King

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SINGAPORE — Suntec Singapore Convention and Exhibition Centre said on Thursday (Aug 27) it is laying off 85 employees, citing the severe impact of Covid-19 on the Mice (meetings, incentives, conventions and exhibitions) industry.

The retrenched workers — who made up almost half of the company’s headcount — comprise 60 locals and 25 foreigners, in positions including sales, operations and support functions such as finance and human resources.

Following the retrenchment, Suntec Singapore said its staff strength will be cut to 89 locals and four foreigners. It added that "due care" has been taken to ensure its remaining staff consists of people across the various age groups.

Noting that Mice events have been suspended since April, the company said it has been working with the Building Construction And Timber Industries Employees' Union (Batu) from early February on cost control measures.

These include eliminating non-essential spending, hiring freezes, redeployment of staff, implementing shorter work weeks and the management taking up to 40 per cent in pay cuts.

Still, uncertainty on when the situation could improve forced its hand, the company said.

Mr Arun Madhok, Chief Executive Officer of Suntec Singapore, said: "This decision has not been taken lightly and does not in any way reflect the performance of any staff.

“Every individual in our team has contributed to the success of our company for many years and I am truly sorry to have to ask many of our wonderful and talented people to look for alternative employment."

The company said affected and eligible employees will be receiving a month's salary for every year of service as severance payment, in accordance with the collective agreement signed with the union.

Eligible staff will also be paid their pro-rated Annual Wage Supplement for the year and be allowed to encash their remaining annual leave entitlements.

All affected staff will also be allowed to use their entire notice period to attend job fairs, interviews and training, Suntec Singapore added.

Local staff will receive assistance from the National Trades Union Congress' Job Security Council, to be matched to job openings based on their skills and experience.

Batu executive secretary Zainal Sapari said that for the past few months, the union has been working “very closely with Suntec Singapore to explore ways to help the business whilst protecting jobs”.

He added that the company has consulted the union closely over the retrenchments. “Batu and the Labour Movement stand ready to assist affected workers as best as we can,” he said.

 

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1 hour ago, XianGe said:

Suntec still owned by chc?

 

16 minutes ago, ManOfTheHour said:

Not 100% but yes they have some share

 

the group of hk bizmen who started the project in 1985 must be glad to have pared down their stakes over the past 10 yrs.

 

not sure if any of them still have any stakes in the reit.

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51 minutes ago, socrates469bc said:

 

 

the group of hk bizmen who started the project in 1985 must be glad to have pared down their stakes over the past 10 yrs.

 

not sure if any of them still have any stakes in the reit.

 

Suntec retail shops quiet... 

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35 minutes ago, socrates469bc said:

 

now even worse.

 

the atas restaurants at basement all empty and most likely will close shop soon.

 

no more sakti bankers bring their clients to jiak there now.

What basement?

 

I thought below it museum. Cause can see but expensive and not much content

  • Wahaha 1
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