SINGAPORE: CapitaLand Investment has laid off approximately 90 employees in Singapore so far this year as part of a restructuring exercise, a company spokesperson said on Thursday (Sep 3).
The retrenchments were part of organisational changes to “support its business and operating requirements” following a periodic review of its organisational structure, the company said in a joint statement with the Singapore Industrial and Services Employees’ Union (SISEU).
“Supporting employees is a key priority,” CapitaLand Investment said, adding that affected employees will receive fair severance arrangements, career transition services and counselling support. Where appropriate, redeployment opportunities within the group will also be considered.
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