SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Singapore Press Holdings reduces staff costs following reported job cuts

HRjobs: Asia's only regional recruitment website 100% dedicated to HR jobs.
Post your HR vacancy FREE of charge here »

In its 1Q2018 results, Singapore Press Holdings (SPH) has shown a reduction in staff costs following its planned job cuts last year. In fact, staff costs has dropped by S$4.4m – contributing to a 5.5% reduction in total operating costs. However, its premises and finance cost increased by $1.8m and $1.3m respectively.

SPH 1Q2018 operating costs


ALSO READ: SPH reported to speed up planned job cuts

Additionally, the headcount as at end-November (excluding increase from new acquisitions) is at 3,783. In a year-on-year comparison, headcount was 4,107 in 1Q2017. On that note, SPH has achieved 10% headcount reduction against August 2016 (when the headcount was 4,182).

SPH staff cost

Lead Photo / Singapore Press Holdings

Table / Singapore Press Holdings

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »

Read More News

in All markets by

2015’s highest rated CEOs

General Motors' Mary Barra was the highest rated woman CEO, while Google's Larry Page led the top 50 list. Find out who made the c..

Trending