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Yeo's retrenches 32 staff in Singapore amid changing consumer patterns and mounting cost pressures

Amala Balakrishner
Amala Balakrishner • 2 min read
Yeo's retrenches 32 staff in Singapore amid changing consumer patterns and mounting cost pressures
The affected staff account for less than 2% of the company’s 1,900-person workforce.
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F&B manufacturer Yeo Hiap Seng (Yeo’s) has let go of 32 staff in Singapore, in line with its long-term plan to transform its global business.

The move comes amid changing consumer patterns and retail conditions as well as mounting cost pressures.

“This was a very difficult decision for us to make,” Group CEO Samuel Koh said in an Apr 5 regulatory filing.

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