240 staff axed by Singtel's Hooq face uncertain future
Some former employees are disappointed with how they were given the boot
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
VIDEO streaming service Hooq Digital, a joint venture company in which Singtel has an indirect 76.5 per cent effective interest, had to sack its global workforce of 240 people across six markets, including about 98 in Singapore, after it entered liquidation on March 27.
In response to queries by The Business Times, a Singtel spokesperson said that the group "voluntarily stepped in to take over obligations to pay Hooq employees' payroll and notice periods according to the laws of the countries in which they were based".
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
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025