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SingPost to lay off 45 employees as part of restructuring exercise
"This restructuring is the result of prolonged macro-economic challenges facing the business, including intense competition," said SingPost.
February 20, 2025, 01:59 AM
Singapore Post (SingPost) will lay off approximately 45 employees in the coming months as part of a restructuring to "right-size" and "devolve corporate functions to its business units".
The positions that will be affected fall primarily under the corporate support units, with a small number from the international business unit (IBU), whose roles have "evolved".
In response to Mothership's queries on Feb. 19, a SingPost spokesperson confirmed that staff will be laid off.
The impacted employees represent less than 1.5 per cent of the company's global headcount, which amounted to more than 3,000 as of Jan. 31.
Details of exercise
According to the SingPost spokesperson, the "restructuring" aims "to strengthen the operating capability of the business units by eliminating duplicate functions" and "improve the agility and efficiency of the business".
"This decision has not been taken lightly. For affected roles, the company has exhausted options to find alternative positions within SingPost," read the statement.
The spokesperson added that all impacted staff have access to outplacement and counselling services during this time.
"This restructuring is the result of prolonged macro-economic challenges facing the business, including intense competition," said the spokesperson.
'Not correlated with previous incidents or whistleblowing reports'
The spokesperson also said SingPost wishes to emphasise that this initiative is "not correlated with any previous incidents or whistleblowing reports".
"Our focus remains on maintaining the strength and sustainability of our operations," read the statement.
SingPost is "committed to managing this process with utmost care" for the employees involved, added the spokesperson.
Turbulent times for SingPost
SingPost's announcement came after a series of personnel changes in the company.
On Dec. 22, 2024, the company announced that it had terminated three senior management staff members over their handling of a whistleblower's report.
These individuals are group chief executive (CEO) Vincent Phang, group chief financial officer Vincent Yik, and chief executive of SingPost's IBU Li Yu.
Two days later, Singtel group chief corporate officer Lim Cheng Cheng also resigned from SingPost's board of directors.
Earlier this month, SingPost confirmed that its local operations CEO Shahrin Abdol Salam has resigned to pursue other opportunities outside the company.
Top image via Xiaohongshu
