Asia
SingaporeCrystal Jade shutters outlets and lays off staff ahead of potential sale
Restaurant chain Crystal Jade has closed four more outlets and laid off 120 staff members, leaving them with nine remaining outlets, amidst a potential sale.
Background
Across this region, the food and beverage industry has faced increasing pressure from rising operational costs and labor shortages. These economic challenges have led many businesses to restructure, consolidate, or explore sales to remain viable.
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Crystal Jade shutters outlets and lays off staff ahead of potential sale
First report 20h agoLast update 20h ago1 takes 1
reporting business downsizingneutralShow 1 post
started 20h ago•Last update 20h ago
News outlets are reporting on Crystal Jade's significant downsizing, including outlet closures and layoffs, in anticipation of a sale.
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