01 Aug '17, 4am

No more print Yellow Pages from 2018; company to retrench staff, focus on real estate

No more print Yellow Pages from 2018; company to retrench staff, focus on real estate

SINGAPORE - Global Yellow Pages (GYP) announced on Tuesday (Aug 1) that it will restructure to focus on real estate as its core business and cease publication of print directories from 2018. Arising from the closure of the print directories and the restructure of the digital business, there will be retrenchments and the company is assisting employees affected by it, said GYP. It did not disclose how many staff members will lose their jobs. "It is with much regret that the revamp of the Search product offerings has affected our colleagues, some of whom have served with the company for many years," said Mr Stanley Tan, CEO and director of GYP. "However, due to evolving market trends as more users take to online platforms to search for information, we are no longer able to sustain the print directories which are iconic publications familiar to most Singaporeans." He added tha...

Full article: http://www.straitstimes.com/business/companies-markets/no...

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