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Full Version: 59 workers, including 25 from Yeo’s, to be laid off due to Oatly Singapore plant clos
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(19-12-2024, 05:07 PM)Levin Wrote: [ -> ]Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore plant

heng lor,, retrench only 25 employee, 

i believe the whole of yeo's got more than tis number.

maybe later they will retrench again..

2025 will be the year of economic woe for many countries.. be prepare for the worse
right move to have oat drink but too early in timing. also it is a new product coould have gone on a testing state of market first before volume production. hope they learn from it.
(19-12-2024, 11:36 PM)victortan Wrote: [ -> ]heng lor,, retrench only 25 employee, 

i believe the whole of yeo's got more than tis number.

maybe later they will retrench again..

2025 will be the year of economic woe for many countries.. be prepare for the worse

Plant is mainly automated.
Invested $30M 3 yrs only come to Singapore. Not seen much on this oak drink in TV adv ?
(20-12-2024, 06:59 AM)ysh02 Wrote: [ -> ]Invested $30M 3 yrs only come to Singapore. Not seen much on this oak drink in TV adv ?

The strong SGD and high labour costs forcing the Swedish oat plant owner to seriously consider relocate either to Malaysia or Thailand 

Bigger market
(20-12-2024, 07:20 AM)Scythian Wrote: [ -> ]The strong SGD and high labour costs forcing the Swedish oat plant owner to seriously consider relocate either to Malaysia or Thailand 

Bigger market


At least in Malaysia or Thailand, they can survive there for many more years.
(20-12-2024, 07:20 AM)Scythian Wrote: [ -> ]The strong SGD and high labour costs forcing the Swedish oat plant owner to seriously consider relocate either to Malaysia or Thailand 

Bigger market

They are not relocating to anywhere in South East Asia. The supply for this region will come from Sweden. I guess the demand here is just not strong. They will retain the plant in China for the Greater China market. I think the demand there is most probably much better.