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Home World Asia Pacific

42 retrenched after SHATEC scales down operations in ‘business containment exercise’

3 July 2025
in Asia Pacific
0
42 retrenched after SHATEC scales down operations in ‘business containment exercise’
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SINGAPORE: SHATEC, the Singapore Hotel Association Training and Education Centre, retrenched 42 staff as part of a “business containment exercise” amid a review of its long-term plans. The centre’s building is up for sale for approximately S$18 million, while it will continue to offer education and training until March 2026.

Explain It To Me Like I’m 5: SHATEC, a school that teaches people about working in hotels, has let go of 42 workers because it is making changes to its business, but it will still help its students until 2026.

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Tags: BusinesscontainmentemploymentexerciseHospitalityOperationsretrenchedretrenchmentscalesSHATEC
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