What support is KidZania Singapore offering to help retrenched staff find new jobs?

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KidZania Singapore is providing retrenched staff with severance packages and job-seeking assistance.

KidZania Singapore is terminating the employment of 103 staff members and will provide them with severance packages. These packages include payment of salaries, medical benefits, and other entitlements up to their final day of employment. The compensation offered is described as being on the higher end of the industry norm. In addition to financial support, the company is actively assisting its affected employees in securing new employment opportunities.
Job-Seeking Workshops and Employment Body Collaboration

KidZania Singapore is organising workshops specifically designed to equip its departing employees with the necessary skills and strategies to find new jobs. This initiative is complemented by the company's collaboration with various employment bodies. These partnerships aim to facilitate the transition for the retrenched staff by connecting them with potential employers and job openings within the broader market.
Severance Package Details

While specific figures for the compensation packages were not disclosed, KidZania Singapore stated that the severance provisions are positioned at the upper end of typical industry standards. This commitment to providing enhanced support extends to ensuring all outstanding salaries and benefits are paid up to the last day of service for each affected employee. This approach aims to provide a more substantial financial cushion during their job search period.
Broader Context of Operations and Closure

The retrenchments follow the permanent closure of KidZania Singapore's operations after approximately four years. The company cited challenges in achieving the required financial returns over the years, a situation exacerbated by the COVID-19 pandemic's economic impact. The prolonged closure due to the pandemic, which resulted in zero ticket revenue, coupled with reduced participation from commercial partners facing their own financial constraints, led to the difficult decision to cease operations.

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What support is KidZania Singapore offering to help retrenched staff find new jobs?

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