SingPost cuts admin jobs as profits drop

Singapore Post will lay off 45 administrative staff after operating profits dropped by nearly a quarter in the three months to December as rising costs outweighed revenue growth.

Citing a company statement, several Asia-based media reported that the group plans to reduce the number of people in corporate support roles, with 45 jobs affected, in order to “right-size” operating costs.

The news came as the Asian postal group, which is selling off its Australia business and has shaken up its top management after a whistleblower affair, announced lower profits for the third quarter of its 2024/25 financial year.

Challenging conditions