StarHub retrenchment package above market practice

Singapore

STARHUB'S retrenchment exercise started in earnest on Monday and is expected to last till the end of the week, with laid-off workers said to receive a package that is slightly more generous than the standard market practice.

Singapore's second-largest telco had earlier announced in October that it will be axing 300 of its full-time and contract staff - a move deemed necessary by its recently-appointed chief executive Peter Kaliaropoulos as part of a strategic transformation amid "current industry pressures".