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Yeo Hiap Seng axes 32 employees in Singapore
"This was a very difficult decision for us to make. The changing market conditions and cost inflation meant that the group has had to evolve our business service model to be more efficient," said Yeo's Group chief executive Samuel Koh.
"Yeo's has a global footprint and this decision is consistent with our long-term strategic plan to transform and enhance the value of our business," he added.