Yeo Hiap Seng (Yeo's) announced layoffs of 25 employees due to Oatly's closure of its Singapore production plant. The Swedish oat milk company partnered with Yeo's in 2019 to build the facility, which opened in 2021. Oatly cited its 'asset-light supply chain strategy' to reduce costs and improve efficiency as the reason for the closure. Affected employees will receive severance packages and Yeo's is working with unions and employment agencies to provide job matching support and career guidance.
Yeo's announced that 25 employees will be laid off due to Oatly shutting down its production facility in Singapore .Local beverage manufacturer Yeo Hiap Seng — better known as Yeo's — announced plans to lay off 25 employees as Oatly shuts down its Singapore facility.
The remaining 25 employees will be retrenched, and will receive severance packages based on their salary and years of service. The company also said that it is working with the Food, Drinks and Allied Workers Union and NTUC's e2i to ensure that affected employees receive fair compensation as well as "job matching support and career guidance".
Oatly Yeo's Layoffs Singapore Manufacturing
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