Japan Foods clarifies MOM has not given details of potential employment breach
Tay Peck Gek
DeeperDive is a beta AI feature. Refer to full articles for the facts.
JAPAN Foods clarified that its unit Japan Foods Enterprises (JFE) and not the whole group is temporarily prohibited by the authorities from applying or renewing employees’ work passes and that it was not told details of any potential breach.
The food & beverage player stated in its response on Friday (Oct 7) to the Singapore Exchange (SGX) that it has not been given any details by the Ministry of Manpower (MOM) and it did not want to speculate about the “past hiring and payroll practices” that might have flouted the Employment of Foreign Manpower Act.
Also, the Catalist-listed player noted JFE is not restricted from hiring local full-timers, part-timers and contract staff if they do not require the application or renewal of work passes.
Japan Foods furnished a statement to the SGX on Tuesday on JFE facing the suspension while MOM investigates.
And to deal with MOM’s restriction, JFE will work on “right-balancing” its workforce but the group’s existing operating outlets might not have to be shut temporarily.
Prominent brands under Japan Foods include Afuri, Ajisen Ramen and Fruit Paradise.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The counter closed flat at S$0.415 on Friday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar