News Formal

StarHub begins retrenchment excercise, package offered above market practice

  • 📰 AsiaOne
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Starhub's retrenchment exercise started in earnest on Monday and is expected to last till the end of the week, with laid-off workers said to receive a package that is slightly more generous than the standard market practice. Singapore's second-largest telco had earlier announced in October that it will be axing 300 of its full-time and contract staff - a move deemed necessary by its recently-appointed chief executive Peter Kaliaropoulos as part of a strategic transformation amid 'current industry pressures'.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stocks: STI resumes Monday afternoon at 3,077.55, up 0.8%SINGAPORE stocks reopened higher on Monday, with the Straits Times Index up 25.06 points, or 0.8 per cent, to 3,077.55 as at 1pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Monday afternoon at 3,058.13, down 1.9% on daySINGAPORE shares continued to slide on Monday afternoon, resuming trading on lower ground, with the Straits Times Index down 58.26 points or 1.9 per cent to 3,058.13 as at 1.05pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Monday afternoon at 3,067.88, down 0.3% on daySINGAPORE shares resumed trading on Monday afternoon on lower ground, with the Straits Times Index down 10.09 points or 0.3 per cent to 3,067.88 as at 1.05pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »