SPH Magazines has reported that it will launch a major restructuring exercise to prepare its suite of magazines for a digitally-driven future.
With the restructuring, the groups staffing will be right-sized from 379 (as at Aug 2017) to about 300. This reduction has largely already been achieved through ongoing staff attrition and redeployment. However, 13 staff who could not be redeployed will be retrenched in March. They will receive compensation on terms negotiated and agreed with the staff union.
According to the release, the restructuring will comprise several concurrent initiatives:
- The custom publishing team (Custom Content Solutions) and its co…
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