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These 25 employees are in addition to the 34 Oatly employees affected by the closure of the Oatly plant here, bringing the total to 59. - Photos: ST
“Yeo’s has made every effort to reassign as many as possible, and has successfully placed 16 employees in other roles within Yeo’s,” the company said in a statement accompanying a bourse filing on Thursday . The Swedish producer had announced on Dec 18 its plans to close its Singapore facility in a bid to improve the company’s future cost structure and reduce future capital expenditure needs.“While manufacturing operations will cease, the group remains committed to supporting Oatly’s distribution in Singapore and Malaysia,” Yeo’s said.
The FDAWU and Yeo’s will also work with the National Trades Union Congress’ Employment and Employability Institute to extend job matching support and career guidance to these employees.“Our priority is to support our colleagues and to reduce stress and anxiety for them during this period. In the bourse filing, Yeo’s chief financial officer Lai Kah Shen said both parties have consequently entered into an exit agreement to dissolve their tie-up to produce Oatly beverages in Singapore.
59 Workers Including 25 From Yeo’S To Be Laid Off Oatly Singapore Plant Closure
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