SPH Magazines launches major restructuring exercise, to lay off 13 employees

Tue, Mar 20, 2018 – 11:37 AM

SPH Magazines, the magazine arm of Singapore Press Holdings, will lay off 13 staff members this month as part of a major restructuring exercise.

This comes amid efforts to prepare its suite of magazines for a digitally-driven future, the company said in a statement on Tuesday.

SPH Magazines chief executive Loh Yew Seng said no titles will be closed in this exercise, though their performance will continue to be monitored.

The restructuring comprises several concurrent initiatives, including “right-sizing” staff numbers from 379 as at Aug 2017 to about 300.

SPH Magazines said this reduction has “largely already been achieved through ongoing staff attrition and redeployment”. But 13 employees who could …

SPH Magazines launches major restructuring exercise, to lay off 13 employees – The Business Times