Shopee updates: Singapore union cites appropriate compensation package for affected employees

"Employment facilitation and assistance, including career coaching and job matching services via the NTUC's network and NTUC’s e2i will be offered, if required."

In response to the recent regional business and manpower adjustments by Shopee, Singapore's Creative Media and Publishing Union (CMPU) has responded to assure affected employees on the steps ahead, in a statement to media. 

Sharing that the CMPU, an NTUC-affiliated union, has been in touch with Shopee about the recent adjustments that has been widely cited across media, the statement added: "The company (Shopee) has assured CMPU that any affected employees would be given the appropriate compensation package in line with market norms.

"Employment facilitation and assistance, including career coaching and job matching services via the NTUC's network and NTUC’s e2i (Employment and Employability Institute) will be offered, if required."

In the meantime, the union has added it will continue to work closely with Shopee to ensure that "employees’ interests and welfare are taken care of as much as possible".

Human Resources Online has reached out to Shopee for a statement, and will update this story accordingly.

Over in Thailand, Labour Minister, Suchart Chomklin has been reported to confirm layoffs affecting Shopee entities in the nation, namely, Shopee (Thailand), Shopee Pay (Thailand), and Shopee Food, in a report as cited by Matichon. In the same report, he added that Shopee insisted on paying compensation and legal benefits for employees in full.

The developments come even as parent company Sea reported "solid results" across the business in Q1 2022. "As a result, we are well on track to achieve our previously shared projections of profitability in our Asia markets, while continuing to scale our businesses and capture market share globally," said Forrest Li, Sea’s Chairman and Group Chief Executive Officer in the most recent quarterly update.

Per the financial results, in Southeast Asia and in Taiwan respectively, Shopee continued to rank first in the shopping category by average monthly active users and total time spent in app for the first quarter of 2022. In Indonesia, where Shopee is cited to be the largest e-commerce platform per its report, gross orders grew by around 77% year-on-year. 

Lead image / 123RF

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