Swedish home appliances maker Electrolux will be shutting its regional headquarters in Singapore by May, potentially affecting around 100 to 200 employees, The Straits Times has learnt.
Sources said that most of the affected employees will be retrenched, although a handful have been offered relocation packages.
In response to queries from ST, Electrolux’s director of communication for Asia-Pacific, Middle East and Africa (Apac & MEA) transformation, Ms Samar Refai, on Feb 2 confirmed the imminent closure of its regional headquarters for Apac & MEA at Rochester Park, but did not comment on the May deadline.
She added that the impending closure was announced internally on Dec 13, 2023.
The Apac & MEA commercial leadership team will also relocate to Bangkok, said Ms Refai.
“The imminent closure of Electrolux’s regional office in Singapore ultimately means that we will need to part ways with some of our regional employees. Those who are impacted are offered the maximum level of support, during the upcoming transition period, and are treated with utmost respect,” said Ms Refai, without adding more details.
The writing has been on the wall for the Singapore regional office for a few months.
The multinational company announced in a statement in October 2023 that it would slash 3,000 positions from a total of 46,000 globally, as consumer demand remains weak. Electrolux also said then that it would be merging the Europe and Apac & MEA business regions to leverage product and brand synergies.
Under the newly created business area Europe, Apac & MEA, there are two commercial organisations – one for Europe and another for Apac & MEA.
Ms Refai said that with a newly established commercial set-up for Apac & MEA, Australia and Thailand will become key hubs for Electrolux in the region.
Denne historien er fra February 03, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 03, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
'Football died' when Klopp joined Red Bull
BERLIN - Jurgen Klopp's decision to join Red Bull as their Global Head of Soccer has sparked strong reactions from many German fans.
ALCARAZ IN 'CRAZY' LOSS TO MACHAC
Spaniard can’t believe opponent’s level after defeat scuppers rematch with Italian Sinner
New arrivals at FIA after high-profile departures
LONDON Formula One's governing body announced two senior appointments after headline departures triggered talk of an exodus from the International Automobile Federation (FIA) led by Emirati Mohammed Ben Sulayem.
OLYMPIC RINGS OF FIRE OVER EIFFEL TOWER
French minister plans to wrest control of landmark from Paris mayor amid logo row
EVEREST CLIMBS TO GROUP 1 HEIGHTS
World’s richest sprint race gains recognition at its eighth running, as well as All-Star Mile
Heat stress Different work conditions require flexible guidelines on workers' attire
We thank Mr Rahul Gupta for his suggestions (Study standard heat-friendly work clothes for outdoor workers, Oct 8).
Airbus deliveries drop as suppliers struggle
PARIS Airbus deliveries fell 9 per cent in September to 50 jets compared with the same month in 2023, the European planemaker said on Oct 9, rekindling a debate over the strength of its industrial goals as suppliers struggle to keep up with demand.
Mental health ambassadors at all PAP branches by 2025
By 2025, all 93 People's Action Party (PAP) branches will have mental health ambassadors to promote mental well-being in every neighbourhood and support the work of MPs in addressing residents' mental health concerns.
Zelensky says there is 'real chance' to end war in 2025
He did not reveal how this could happen but is counting on support from key allies
Prabowo defends plan to expand government with ‘fat' Cabinet
JAKARTA Indonesia's Presidentelect Prabowo Subianto has defended his plan to expand government agencies, saying it is needed for a strong administration even if critics call it a \"fat\" Cabinet that will bloat the bureaucracy.
