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Can SPH's job cuts save its battered media business?

The Edge logo The Edge 12/10/2017 Stanislaus Jude Chan The Straits Times_20171012151319_theedgesingapore.jpg © Provided by The Edge The Straits Times_20171012151319_theedgesingapore.jpg

SINGAPORE (Oct 12): Singapore Press Holdings is hastening its restructuring plans, amid a 13% decline in revenue from its core media business in FY2017.

At its results announcement on Wednesday, new CEO Ng Yat Chung confirmed that SPH will bring forward the planned 2018 deadline and complete the full 10% staff reduction by the end of this year.

The final round of cuts will see some 230 employees retrenched, with SPH expecting to incur about S$13 million of retrenchment costs in 1Q18... (Click here to read the full story.)

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