THE Singapore Exchange (SGX) will lay off 67 of its 741 staff as it restructures its operations. It will make redundancy payments of about S$3.5mil as a result, which will be recognised in the current financial year.
“This exercise is a step further in creating a market-led, integrated exchange – a process which started with the merger and demutualisation of the stock and futures exchanges,” CEO Hsieh Fu Hua said in a statement.
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