SPH Magazines, the magazine arm of Singapore Press Holdings (SPH), will launch a major restructuring exercise to consolidate 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 yesterday.
However, 13 staff who could not be redeployed will be retrenched this month. 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 to support the retrenched staff in their re-employment, such as by p…
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