What severance package will affected Suntec employees receive?

Question

Accepted Answer

Suntec Singapore Employees to Receive Comprehensive Severance Package

Affected and eligible employees at Suntec Singapore Convention and Exhibition Centre will receive a severance package that includes one month's salary for every year of service. This retrenchment affects 85 employees, representing nearly half of the company's workforce, and is a direct consequence of the severe impact of the Covid-19 pandemic on the meetings, incentives, conventions, and exhibitions (Mice) industry.
Severance Pay and Leave Entitlements

In accordance with the collective agreement with the union, affected employees will be compensated with one month's salary for each year of their service as severance pay. Additionally, eligible staff members will receive their pro-rated Annual Wage Supplement for the current year. The company will also permit employees to encash any remaining annual leave entitlements they possess.
Support for Job Transition

All workers affected by the layoffs will be granted the full duration of their notice period to engage in job fairs, attend interviews, and participate in training programmes. This measure aims to facilitate their transition to new employment opportunities.
Assistance for Singaporean Employees

Singaporean employees affected by the retrenchment will receive support from the Job Security Council of the National Trades Union Congress (NTUC). This council will work to match these individuals with suitable job openings based on their acquired skills and prior experience, with the goal of presenting them with at least two pre-matched job opportunities.

Reading history

Hide →

This history is cleared when the page is closed.

What severance package will affected Suntec employees receive?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends