Suntec Singapore Convention and Exhibition Centre is laying off 85 employees, almost half of its workforce, according to Today.
The retrenched staff comprise 60 locals and 25 foreigners from all departments. Following this cut, its staff strength now stands at 89 locals and four foreigners.
As events have been suspended since April, the company has deployed cost control measures such as hiring freezes and pay cuts. However, the retrenchment exercise had to be done to the severe impact Covid-19 has had on Singapore’s MICE industry. Moreover, it is still unknown when the situation will improve.
Affected and eligible employees will be receiving a month’s salary for every year of service as severance payment. 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 trainings.