HDT scraps electric-taxi business in Singapore on 'debilitating' Covid-19 hit

The layoffs were conducted after consultations with Singapore's National Taxi Association and in compliance with the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment.

There will also be a one-off retrenchment benefit given to both employed and trial cabbies,"as a gesture of gratitude from HDT", the company said, without disclosing this sum.The company said it has worked with NTA to ensure fair compensation to the affected employees. NTUC director Yeo Wan Ling also noted that for affected drivers who would like to continue driving, NTA will link them up with other operators.

"It is with a heavy heart that we have to shed the taxi business and let some of our dedicated employees go," he said.

United States United States Latest News, United States United States Headlines

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

94 staff retrenched as HDT shuts electric taxi business due to Covid-19SINGAPORE — HDT Singapore Holdings (HDT) is shutting down its electric taxi business due to the “prolonged debilitating impact” of the Covid-19 pandemic, resulting in the retrenchment of 90 taxi drivers and four administrative staff members.
Source: TODAYonline - 🏆 1. / 99 Read more »

HDT S'pore Taxi exits business, about 90 drivers let goThe electric taxi operator said it had been 'wrestling with the slowing growth' since the start of the year.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

94 staff retrenched as HDT shuts electric taxi business due to Covid-19SINGAPORE — HDT Singapore Holdings (HDT) is shutting down its electric taxi business due to the “prolonged debilitating impact” of the Covid-19 pandemic, resulting in the retrenchment of 90 taxi drivers and four administrative staff members.
Source: TODAYonline - 🏆 1. / 99 Read more »