Toyota distributor Borneo Motors lays off workers in restructuring exercise
Affected employees were notified on Jul 30, which was also their last working day
New: You can now listen to articles.
This audio is generated by an AI tool
Read a summary of this article on FAST.
Get bite-sized news via a newcards interface. Give it a try.
Click here to return to FASTTap here to return to FAST
FAST
SINGAPORE: Borneo Motors, the authorised distributor for Toyota and Lexus cars in Singapore, has laid off workers as part of a restructuring exercise to streamline its operations
Affected employees were informed on Jul 30, which was also their last working day, the Singapore Manual and Mercantile Workers’ Union (SMMWU) told CNA on Monday (Aug 3).
The number of workers affected was not disclosed
In response to queries, Inchcape – the global automotive distribution group that owns Borneo Motors – said it had “reviewed its organisation in Singapore to ensure the business remains well positioned to deliver for customers and brand partners”
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given lettersMini Sudoku
Tiny puzzle, mighty brain teaserMini Crossword
Small grid, big challengeWord Search
Spot as many words as you can
Show More
Show Less
“As a result, we are making targeted changes to streamline our operations and better align with current needs and future priorities,” an Inchcape spokesperson said
“We recognise the impact this may have on colleagues and are providing appropriate support during this time. As discussions are ongoing, it would be inappropriate to comment further at this stage.”
SMMWU said it had been notified in advance of the retrenchment exercise and worked with the company to ensure affected workers would receive fair severance packages in line with the collective agreement
The union is currently engaging affected members and workers to provide support and ensure they are treated fairly
“As a good employment practice, SMMWU urges employers undertaking restructuring or retrenchment exercises to engage and communicate with affected workers as early as possible,” the union said, noting that earlier communication allows workers more time to prepare and access assistance
The Ministry of Manpower (MOM) said Borneo Motors had committed to providing a retrenchment package in line with the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment. Under those guidelines, the standard retrenchment benefit norm is two weeks to one month of salary for each year of service, applying generally to employees with two or more years of service
The ministry said its priority is to help affected employees find new jobs.
The Taskforce for Responsible Retrenchment and Employment Facilitation, which comprises MOM, the Skills and Workforce Development Agency, the National Trades Union Congress (NTUC) and NTUC’s Employment and Employability Institute, is working with Borneo Motors and SMMWU to provide job matching and career coaching
Borneo Motors was incorporated in 1925 and became part of Inchcape in 1967. The company also distributes Hino trucks, a subsidiary of the Toyota group
Singapore retrenchments reach a high in Q2; unemployment remains low and broadly stable
Degree holders may need to rethink job security assumptions as retrenchment patterns shift, say experts
Source: CNA/nh(bg)
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a newcards interface. Give it a try.
Click here to return to FASTTap here to return to FAST
FAST
