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Singapore Press Holdings reduces staff costs following reported job cuts



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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



Less than 2 weeks to Learning & Development Asia. Speakers from Boeing, Marriott, Monetary Authority of Singapore, Shell, Singapore Exchange, Unilever confirmed to speak with more than 150 attendees.
Last few seats available, you don't want to miss it. Register now.

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