Wed, Mar 21, 2018 – 5:50 AM
Singapore
SPH Magazines, the magazine arm of Singapore Press Holdings (SPH), will launch a major restructuring exercise with the aim of consolidating its position as a major digital network in the magazine space.
With the restructuring, SPH Magazines’ staffing will be reduced from 379 – as of August last year – to about 300, mostly through ongoing staff attrition and redeployment, SPH announced on March 20.
However, 13 staff who could not be redeployed will be retrenched in March. They will receive compensation on terms negotiated and agreed with the staff union.
SPH Magazines will work closely with the Creative Media and Publishing Union and the Employment and Employability Institute (e2i) to …
Read the full article at: https://www.businesstimes.com.sg/companies-markets/sph-magazines-undertakes-restructuring-exercise