JSS kept premium gifts brand Risis afloat so it could pivot to e-commerce, rebrand
Singapore
JEWELLERY and premium gifts brand Risis has cut its staff strength from 87 at the start of the pandemic to just 49 as of March 2022, due to Covid-19's devastating impact on sales. But without Jobs Support Scheme (JSS) payouts, the cuts might have been even deeper.
"Some (staff) were let go, while others (left) due to natural attrition and we did not replace them as they were not key positions," said chief executive officer Verene Ng.
TRENDING NOW
Singapore banks’ battle for wealth talent goes beyond private bankers
Philippines’ income upgrade hides grim reality for most Filipinos
Extra S$300 in CDC Vouchers, U-Save rebates for households as part of S$900 million support package
World powers are courting Asean. Can the region capitalise on that?