In a strategic move, Tetra Pak, a multinational food processing and packaging company, has announced the laying off of 300 employees. The decision comes as the company proceeds with the closure of its Jurong factory, to focus on production within its other regional facilities.
The company announced this shift in a press release on Tuesday, 27 February, indicating a 12-month transition period. The restructuring primarily impacts manufacturing roles, and Tetra Pak acknowledged the difficulty this poses for its workforce. Employees were notified of this decision on the same day, with ongoing discussions scheduled throughout the week to explore new opportunities or provide outplacement support.
Tetra Pak emphasised its commitment to supporting affected employees beyond statutory requirements, ensuring they are treated with respect and care, aligning with the company’s values.
The company also assured that it thoroughly considered various options to create the best possible social package for affected employees, offering an enhanced package in accordance with internal policies and statutory- redundancy requirements.
Details of the package and terms specific to roles and positions will be communicated individually between each employee and the human resources team, providing personalised assistance.
The Jurong-based Tetra Pak Packaging Materials factory, operational since 1982, served as a significant global packaging materials facility. Market dynamics and the evolving industry landscape prompted the company to adapt for sustained competitiveness, focusing on striking a balance between market demands, industrial footprint optimisation, and operational cost efficiency.
Furthermore, the company also expressed a willingness to engage with employees interested in applying for alternative positions within Tetra Pak, either locally or in the broader region.
