SINGAPORE: Yeo Hiap Seng (Yeo’s) announced on Tuesday that 25 employees will be laid off due to consolidating can manufacturing operations to Malaysia. This move aims to optimize capacity and enhance efficiency across the company’s network. The Senoko facility will remain as Yeo’s headquarters, logistics hub, and smaller-scale manufacturing center.
The company is committed to supporting affected employees with job placement assistance, career guidance, and counseling. Retrenchment benefits, aligned with the Ministry of Manpower’s guidelines, will be provided based on each employee’s salary and years of service.
Yeo’s reported a higher net profit of S$21.1 million for the fiscal year ending Dec 31, 2025, despite declining revenue due to weaker consumer spending and increased competition. This marks the second round of layoffs in recent months, following a previous reduction in December 2024 after Oatly closed its Singapore plant.