Tag Archives: restructuring

No More Iron Rice Bowl At SPH

Singapore Press Holdings (SPH) has restructured its operations. According to a Straits Times article, the company said a total of 300 jobs were removed and 70 new ones were added, mostly in the digital arena, with the result of a net reduction to 230 jobs removed. SPH CEO Alan Chan was quoted saying that the company reviewed each staff member on an individual basis and did not take a “blunt, across the board approach”. “But hard decisions had to be taken,” added Chan. He added in a staff memo that with its core print business still facing “headwinds”, the company “must succeed in its transition into the digital space”. Chan also added that the company has created a new organizational structure that “is better aligned with its business aspirations”.

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