Yeo’s lays off 25 employees at Singapore’s Senoko facility

The company said it worked closely with the Food, Drinks and Allied Workers Union to ensure that the retrenchment package and transition support “reflect appreciation for the contributions of affected staff”. 

Affected employees will receive retrenchment benefits, agreed with the Union and in line with the Ministry of Manpower’s Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment, it said. 

“These benefits will be commensurate with each employee’s salary and years of service.”

The SGX-listed company reported a higher net profit of S$21.1 million for the financial year ending Dec 31, 2025, up from S$6.9 million the previous year.

Group revenue and core food and beverage revenue declined, which Yeo’s said reflected weaker consumer spending and intensified competition across key markets.

Yeo’s last laid off 25 workers in December 2024 after Swedish drink company Oatly decided to close its plant in Singapore. Those employees had been hired specifically to support Oatly’s production.

In 2022, Yeo’s axed 32 workers, representing less than 2 per cent of its 1,900-strong workforce at the time. The company cited changing consumer patterns and retail conditions on top of increasing cost pressures.