CapitaLand Investment retrenches about 90 employees in S'pore

CapitaLand Investment has retrenched approximately 90 employees in Singapore this year as part of a restructuring exercise, a company spokesperson said.

The company said on Sep. 3 that the retrenchments were part of organisational changes to “support its business and operating requirements” following a periodic review of its organisational structure.

The company, in a joint statement with the Singapore Industrial and Services Employees’ Union (SISEU), added that affected employees will receive fair severance arrangements, career transition services and counselling support.

“Supporting employees is a key priority,” CapitaLand Investment said, adding it is "committed to treating them with care and respect".

It also shared that redeployment opportunities within the group will also be considered where appropriate.

The retrenchments represent about 4 per cent of its Singapore-based workforce.

Union informed in advance

SISEU, an affiliate of the National Trades Union Congress (NTUC), said it was informed in advance of the restructuring exercise and has been engaging CapitaLand Investment throughout the process.

This included representing workers’ interests, ensuring affected employees were treated fairly and that the severance package was in accordance with the collective agreement.

The union said it will provide further assistance and resources to affected members and employees where needed.

“SISEU understands that workforce transitions can be challenging for affected employees,” it said.

CapitaLand Investment is a global real asset manager that was headquartered and listed in Singapore in 2021.

It has operations in more than 40 countries.

According to CapitaLand Investment’s 17th Global Sustainability Report, the company had 9,542 staff worldwide in 2025, 24 per cent (about 2,290) based in Singapore.