12 Oct '17, 9am

'Uncertainty and worry' as SPH accelerates job cuts

'Uncertainty and worry' as SPH accelerates job cuts

The mood among employees was grim as Singapore Press Holdings (SPH) began the process of easing some 230 employees out the door by the end of 2017. Sources at SPH told Yahoo News Singapore that some employees had begun packing their belongings on Thursday (12 October), a day after the media giant announced that it was accelerating the processing of cutting 10 per cent of its work force . This was originally slated to be completed by 2018. The lion’s share of the ongoing cuts will come from the news and sales divisions. Yahoo News Singapore understands that they will be completed by the end of the month. These two departments will see a combined staff reduction of 15 per cent via retirements, retrenchments and outplacements, among other measures. Addressing SPH employees on Thursday morning at a town hall at the News Centre in Toa Payoh North, which lasted at least two hour...

Full article: https://sg.news.yahoo.com/uncertainty-worry-sph-accelerat...

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