The Business Times
business-time-50

RedDoorz cuts close to 50 employees in 'appraisal' exercise

google-preferred-sourceAdd BT as a preferred source
Published Fri, Mar 13, 2020 · 09:50 PM

Singapore

SINGAPORE-BASED budget hotel operator RedDoorz on Friday confirmed that it has trimmed nearly 50 employees from its Indonesia office as part of a "periodic staff appraisal exercise" in February.

That amounts to around 8 per cent of its more than 600-strong Indonesian team.

ReddoorzTech layoffs

TRENDING NOW

Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

Qatari LNG ship struck in Strait of Hormuz, testing US talks

This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

DBS, OCBC and UOB shares hit all-time highs as sentiment improves

Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More