Staff sent home as Twitter’s cost cutting hits Singapore
Twitter CEO Elon Musk’s push to cut the social media company’s spending has reached the Lion City. Twitter staff in Singapore have been reassigned as remote workers, and asked to work from home until further notice. An anoynomous insider told local media that staff were given just a few hours to leave the office at […]
Low wages, understaffing push remaining nurses into long shifts
A shortage of workers is forcing many nursing professionals into taking on dangerously long shifts of up to 12 hours at a time. According to De La Salle University (DLSU) Medical Center employees union president Vilma Garcia, understaffing has made it difficult for nurses to go back to working eight hour shifts. This, in turn, […]
Permanent hires outpace part-time positions in Singapore
Seventy-nine percent of new hires in the last six months were for permanent, full time positions, while 9% of full-time employees were laid off during the same period, according to the latest data from Jobstreet by SEEK. The report, “2022-2023 Outlook Hiring, Compensations & Benefits” was based on data from hiring personnel from 438 companies […]
Apple supplier invests USD 400 million for new plants
VIETNAM: Chinese display maker, BOE Technology Group Co Ltd., which supplies both Apple Inc. and Samsung Electronics Co, is planning to build two factories in Vietnam. According to a report from Reuters, citing two anonymous sources, the investment may total up to US$400 million. The firm is in talks to rent land in north Vietnam […]
205 Singapore companies closed down last year
Approximately 205 companies had to shut down in 2022, according to the latest data from the Ministry of Law. The High Court received 238 winding up petition from January to November 2022, compared to 260 applications in 2021. However, the total number of wind-ups in 2022 was higher, compared to the 191 and 201 shut […]
The Reading List: Short reads for the weekend
It is almost the weekend. Here is some light reading material curated by Chief of Staff Asia to help with your HR fix. The Debate Swirling Inside HR Departments: How to Lay Off Workers The Wall Street Journal There comes a time in every HR professional’s life where we have to make the difficult decision […]
Tourism deal with China to boost employment in Philippines
Following a US$22 billion investment pledge from China, President Ferdinand Marcos Jr. said this could lead to more jobs for the Southeast Asian nation. An agreement was signed between the two governments to promote tourism cooperation on January 4, during Marcos’ three-day state visit to China. The two nations agreed to work on increasing tourist […]
Andrew Tan invests in Silverlake Axis’ people profitably
“Employee satisfaction always powers a company’s performance, and no company has ever gone broke by caring about their staff too much,” says Andrew Tan, group managing director of Silverlake Axis (SAL). True enough, the Singapore Exchange-listed IT company recorded 2022 as its best financial year, with its strongest-ever revenue worth MYR736.5 million (SGD225.7 million), 18% […]
Hiring boom seen for financials and real estate
Posting a strong employment outlook of +57%, the financials and real estate sector may soon see a hiring boom, according to a report from ManpowerGroup. The Lion City is no exception to the global trend of strong hiring confidence for the sector. Meanwhile, the local energies and utilities sector might see a similar boom, as […]
Fewer hirings in Vietnam as consumer spending falls
Recruitment demand fell by 25% at the end of 2022. This is according to a study from Vietnam recruiting firm Navigos, which said that recruitment demand fell by 25% of pre-pandemic levels in the last quarter of 2022. Meanwhile, hiring demand fell by 42% compared to pre-pandemic level in December 2022, due to weaker global […]
