Singapore-based Millennium & Copthorne Hotels has let go of 159 employees in the city-state as it restructures its operations against the backdrop of a pandemic-induced tourism crisis.
The exercise impacts about 15 per cent of the firm’s Singapore-based workforce, of which 42 are foreigners, reported local newspapers.
This follows a February retrenchment, although group chief operating officer Kieran Twomey said then that the retrenchment exercise was unrelated to the pandemic.
The company has also tightened expenditure, including reducing salaries for senior management by up to 30 per cent.
The group has six hotels in Singapore.