Vehicle distribution giant Inchcape is restructuring its Singapore operations, a move that will result in one of the biggest downsizing exercises the local motor industry has ever witnessed.
The Straits Times understands that some 120 employees across Toyota agent Borneo Motors and Suzuki agent Champion Motors will be retrenched within the next several weeks.
The cohort represents 12 per cent to 14 per cent of Inchcape’s headcount here.
A number of senior positions will also be affected.
Mr Koh Ching Hong, Inchcape’s chief executive for South Asia and managing director of Borneo Motors, will leave his post by the end of next month. The 57-year-old, who has been at the helm for nine years, could not be reached for commen…
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