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StarHub begins retrenchment excercise, package offered above market practice

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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'.

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