Yeo Hiap Seng, a beverage giant, will lay off 25 employees involved in Oatly's manufacturing operations in Singapore. This follows Oatly's announcement to close its Singapore facility. The layoffs are a result of Oatly's supply network evaluation, aiming to improve cost structure and reduce capital expenditure.
Beverage giant Yeo Hiap Seng will lay off 25 out of 41 employees who are directly involved in the manufacturing operations of Swedish oat milk producer Oatly . The Straits Times understands that 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.
“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 Dec 19. The 25 affected will receive severance packages based on their salary and years of service, it added. Yeo’s said its affected employees were hired specifically to support Oatly’s production at Yeo’s Senoko plant, and the layoff is a direct result of Oatly’s evaluation of its supply network. 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. It added that it informed the Food, Drinks and Allied Workers Union (FDAWU) upon the announcement by Oatly on Dec 18. Yeo’s said it has been working with the union throughout this process to ensure adherence to tripartite guidelines, and that fair compensation is provided to affected employees in line with the company and union’s collective agreement. 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 perio
Yeo Hiap Seng Oatly Layoffs Plant Closure Singapore
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