Changi Travel Services Faces Major Restructuring

In a surprising turn of events, Changi Travel Services (CTS) has announced it will be cutting around 30 jobs as part of a comprehensive business overhaul. This decision follows a strategic review prompted by changing market dynamics.

Reasons Behind the Layoffs

The company, known for providing essential travel services like Wi-Fi routers, SIM cards, and airport transfers, stated that this move aims to bolster its positioning for sustainable growth in the competitive travel industry. A spokesperson emphasized that the decision was not made lightly, reflecting careful consideration of current market trends.

Support for Affected Employees

Employees impacted by this decision will receive a severance package that includes four weeks of pay for each year of service, without any minimum service period required. Additionally, CTS is committed to assisting these employees in finding new job opportunities within Changi Airport and other areas.

The Future of CTS

"Our primary goal now is to execute our strategy effectively to ensure sustainable growth," the spokesperson indicated, highlighting the company's focus on a robust recovery post-restructuring.

A Glimpse into CTS

Founded in 2012 as a subsidiary of Changi Airport Group, CTS operates a variety of brands, including Changi Recommends, Travel Recommends, and ChangiFX. With just over 80 employees reported as of last September, the workforce reduction marks a significant shift for the company.

What's Next?

As CTS navigates these turbulent waters, many will be watching closely to see if this strategic pivot leads to the anticipated growth and recovery in the evolving travel market.