CapitaLand Investment lays off 90 employees in Singapore amid restructuring

CapitaLand Investment has laid off approximately 90 employees in Singapore this year. A company spokesperson on Thursday stated these retrenchments are part of an ongoing restructuring exercise designed to support current business and operating requirements following a periodic review of the organizational structure. The joint statement with the Singapore Industrial and Services Employees' Union (SISEU) confirmed that SISEU was informed in advance of the changes and has been engaged throughout the process. SISEU, affiliated with the National Trades Union Congress, emphasized its role in representing workers' interests, ensuring fair treatment according to collective agreements, and providing transition support. CapitaLand Investment leadership reiterated that supporting employees remains a key priority while noting redeployment opportunities within the group will be considered where applicable. The union acknowledged that workforce transitions can be challenging but pledged further assistance and resources to affected members as needed.