Singapore’s national media network Mediacorp has said it is retrenching staff “to adapt to the rapidly evolving media landscape and to better align its operations amid the prevailing economic and commercial uncertainty”.
A total of 93 positions – or slightly over 3 per cent of the entire staff strength – are being made redundant, the company said on Monday (Sep 1).
In its press release, Mediacorp did not detail the departments affected by the staffing changes but the company said in response to queries that it was an organisation-wide retrenchment exercise.
“Affected staff will be given till end September to apply for alternative roles within the organisation. If no alternative placement is secured by the end of this period, their last day of employment will be Sep 30,” the company said in the press release.
Affected staff will receive a severance payment of one month per year of service, up to 25 months or S$250,000, depending on their years of service, current salary, and seniority.
They will also get a training grant to support skills upgrading and preparation for future career opportunities.
Mediacorp – which is the parent company of CNA – said it is also partnering the National Trades Union Congress’ (NTUC) Employment and Employability Institute (e2i) to provide job-matching services and career guidance.
All affected employees will continue to have access to Mediacorp’s wellbeing support programme for up to one year. They will also receive support from the Singapore Union of Broadcasting Employees (SUBE).
“This is a difficult decision and one not taken lightly,” said Mediacorp CEO Tham Loke Kheng. “We are deeply grateful to our colleagues for their contributions, and our priority at this point is to ensure that those affected are supported with care, humility, and dignity during this transition.”
The company said it has made efforts over the years to “adapt to change while prioritising job preservation”. These include process improvements, cost-saving initiatives, and “careful trade-offs to preserve roles and provide stability”.
“However, the scale and pace of transformation now require further action to strengthen long-term organisational sustainability. One of these adjustments is a reduction in the current workforce,” said Mediacorp.
