Keppel shed 10,600 workers: How many S’poreans?

Photo: inspirehq.com.auPhoto: inspirehq.com.au

January 27, 2017

I refer to the article “Oil prices doubling is no solace yet for Keppel, world’s biggest rig builder” (Straits Times, Jan 27).

Workforce reduced by 10,600

It states that “At its offshore and marine division, Keppel reduced its direct workforce by 2,620 in the quarter through December. For the whole of 2016, the unit shed about 10,600 workers, of which 3,800 were in Singapore.

“The painful but necessary measures to rightsize our O&M division must continue,” Loh said.

In October, Keppel said its senior managers and directors were taking a cut in their salaries.”

How many S’poreans?

How many of the 10,600 workers are Singaporeans, permanent residents (PRs) and foreigners?

How many S’poreans given retrenchment benefits?

How many of the Singaporeans were given retrenchment benefits?

$4.8b profits in the last 3 years?

According to Keppel Corp’s latest report for the year ended 31 December 2016 – its profits for the year ended 2016, 2015 and 2014, were $822 million, $1.6 and $2.4 billion, respectively.

Leong Sze Hian

 

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.