Singapore’s Constellar announces 21 job losses due to impact of Covid
Constellar Holdings, the recent rebrand of SingEx-Sphere Holdings, has announced 21 job losses as it rightsizes due to prolonged impact of Covid-19. The redundancies affect 12% of all employees in the Singapore headquarters and come just days before new
Events in Singapore have been largely suspended during the pandemic and were only allowed within strict capacity limits and safe events protocol from October 2020, with travel and border restrictions effectively in place.
Constellar reports a 95% drop in physical events held at its managed venue, the Singapore EXPO & MAX Atria.
Constellar said saving jobs had been a priority and that it had implemented cost reduction and a freeze on wages and hiring. In addition to tapping Government support such as the Jobs Support Scheme (JSS), the company says it has also focused on job redeployment, retraining and upskilling for hybrid events.
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PTI | Singapore | Updated: 04-05-2021 10:57 IST | Created: 04-05-2021 10:57 IST
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Complimenting the Singapore government’s broader efforts to reinvigorate aviation and local hospitality sectors in a safe and calibrated manner, a state-funded COVID-proof facility has expanded by four-fold to 600 guest rooms and 160 meeting rooms for visiting international business executives to manage their deals through the city state.
Each in-person meeting at Connect@Changi, without the need for quarantine upon arrival, represents a small but concrete step towards the resumption of business and economic activities, Aloysius Arlando, CEO, SingEx-Sphere Holdings, one of the consortium partners led by the state-owned Temasek Group that is behind the facility, said on Tuesday.