Latest news with #SCEU
AsiaOne
4 days ago
- Business
- AsiaOne
Ninja Van cuts 12% of Singapore workforce after 2 rounds of layoffs in 2024, Money News
SINGAPORE — Logistics company Ninja Van has cut about 12 per cent of its Singapore workforce, following two rounds of layoffs in 2024. A Ninja Van spokesperson said on Aug 12 that the job cuts are part of the company's long-term effort to strengthen its business model, and that these decisions were not made lightly. "By streamlining our headquarter functions, we are also aligning resources to support our critical growth areas of tech-enabled business-to-business restock and cold chain, while ensuring seamless operations across all services," the spokesperson said. Ninja Van declined to comment on the size of its current workforce in Singapore, and whether there are more layoffs to come. In the last few hours, a number of former Ninja Van employees from Singapore, Malaysia and Indonesia have posted on LinkedIn, saying that they are seeking a new role. A check on Ninja Van's job openings on its website showed it still has positions open for more than 10 Singapore-based roles in areas ranging from operations to service delivery. In April 2024, Ninja Van had cut 10 per cent of its tech team, a move which drew flak from the National Trades Union Congress as it happened just before May Day. In July 2024, it laid off five per cent of its Singapore workforce. At that time, there were about 450 staff based at its Singapore corporate headquarters. Andy Ang, assistant executive secretary of the Supply Chain Employees' Union (SCEU), said in a statement on Aug 12 that Ninja Van had informed the union about the layoffs in advance. Ninja Van is a non-unionised company, but some of its affected employees are members of SCEU. "All alternative options have been explored, resulting in some workers being redeployed to other suitable positions within the company," Ang said. He added that the union has engaged Ninja Van to ensure fair compensation packages were provided for affected workers. Ninja Van said the affected employees will receive a severance package, including those with less than two years of service. Medical insurance and mental health support have also been extended till Dec 31, 2025. The deadline to exercise vested employee stock options has been extended from 30 days to one year. Bloomberg reported on Aug 11 that Ninja Van is in talks to raise US$80 million (S$102.8 million) in a funding round that will halve its valuation to about US$1 billion, citing people familiar with the matter. In 2021, the company raised US$578 million in a Series E funding round, with participation from Alibaba and B Capital, the venture capital firm set up by Meta Platforms co-founder Eduardo Saverin and Raj Ganguly. That round boosted Ninja Van's valuation to well above US$1 billion and turned it into a unicorn. But securing funding in the current climate is tough with prolonged macroeconomic uncertainties. The Ninja Van spokesperson said on Aug 12 that the company has to take a long-term view to strengthen its business foundation, given the global logistics headwinds and the fierce competition it faces across South-east Asia. It currently operates in Singapore, Malaysia, Indonesia, Vietnam, the Philippines and Thailand. [[nid:715037]] This article was first published in The Straits Times . Permission required for reproduction.
CTV News
4 days ago
- CTV News
Two Wallace, N.S., men charged after thefts in Colchester, Cumberland counties: RCMP
The Integrated Street Crime Enforcement Units (SCEU) in Colchester and Cumberland counties in Nova Scotia said they have charged two men in connection with a months-long investigation into property crimes. According to a RCMP news release, from March to August, officers responded to several reports of thefts from homes and construction businesses where specialty building materials, high-value tools, and two off-highway vehicles were reported stolen. RCMP said officers arrested two men at a home in the 13000 block of Highway 6 on Aug. 7 where they executed a search warrant and seized several stolen items. Later that day, investigators said they recovered additional stolen items from a residence in the 3000 block of Highway 207 in Wallace Station, N.S. Jordan Frank Brown, 24, and Munib Schimark Brown, 37, both of Wallace have been charged with theft over $5,000 (eight counts) and theft under $5,000 (two counts). Both men were remanded into custody and were scheduled to appear in Amherst Provincial Court on Aug. 11. Most of the seized items have been returned to their owners, says the release. However, investigators are looking to identify the owners of some recovered tools. Residents in Colchester and Cumberland counties who've lost tools due to theft are asked to contact the Cumberland County District SCEU at 902- 667-3859. The investigation is ongoing. For more Nova Scotia news, visit our dedicated provincial page
Straits Times
4 days ago
- Business
- Straits Times
Ninja Van cuts 12% of Singapore workforce after 2 rounds of layoffs in 2024
Sign up now: Get ST's newsletters delivered to your inbox Ninja Van had two rounds of layoffs in 2024. SINGAPORE - Logistics company Ninja Van has cut about 12 per cent of its Singapore workforce, following two rounds of layoffs in 2024. A Ninja Van spokesperson said on Aug 12 that the job cuts are part of the company's long-term effort to strengthen its business model, and that these decisions were not made lightly. 'By streamlining our headquarter functions, we are also aligning resources to support our critical growth areas of tech‑enabled business-to-business restock and cold chain, while ensuring seamless operations across all services,' the spokesperson said. The Singapore-headquartered company's core courier and e‑commerce services continue to thrive and form the backbone of its operations across South-east Asia, the spokesperson added. Ninja Van declined to comment on the size of its current workforce in Singapore, and whether there are more layoffs to come. In the last few hours, a number of former Ninja Van employees from Singapore, Malaysia and Indonesia have posted on LinkedIn, saying that they are seeking a new role. A check on Ninja Van's job openings on its website showed it still has openings for more than 10 Singapore-based roles in areas ranging from operations to service delivery. Top stories Swipe. Select. Stay informed. Singapore Luxury items seized in $3b money laundering case handed over to Deloitte for liquidation Singapore NEL resumes service after hours-long power fault; single-track service on Sengkang-Punggol LRT Singapore Plan to base Singapore's F-15 fighter jets in Guam cancelled Singapore Hyflux investigator 'took advantage' of Olivia Lum's inability to recall events: Davinder Singh Singapore Man who stabbed son-in-law to death in Boon Tat Street in 2017 dies, aged 80 Singapore Scoot to launch flights to Chiang Rai, Okinawa, Tokyo-Haneda, boost frequency to other places Singapore Man on trial for stalking woman blasted by judge for asking scandalous questions in court Singapore Off-duty SCDF officer dies after accident in Punggol; 15-year-old pillion rider taken to hospital In April 2024, Ninja Van had cut 10 per cent of its tech team , a move which drew flak from the National Trades Union Congress (NTUC) as it happened 'just before May Day'. In July 2024, it laid off 5 per cent of its Singapore workforce. At that time, there are about 450 staff based at its Singapore corporate headquarters. Mr Andy Ang, assistant executive secretary of the Supply Chain Employees' Union (SCEU) said in a statement on Aug 12 that Ninja Van had informed the union about the layoffs in advance. Ninja Van is a non-unionised company, but some of its affected employees are members of SCEU. 'All alternative options have been explored, resulting in some workers being redeployed to other suitable positions within the company,' he said. He added that the union has engaged Ninja Van to ensure fair compensation packages were provided for affected workers. Ninja Van said impacted employees will receive severance package, including those with less than two years of service. Additionally, medical insurance and mental health support have been extended till Dec 31, 2025, with a deadline extension for exercising vested employee stock options from 30 days to one year. Ninja Van currently operates in Singapore, Malaysia, Indonesia, Vietnam, the Philippines and Thailand.
CTV News
04-06-2025
- General
- CTV News
Drugs, cash and firearms seized, four arrested: N.S. RCMP
An RCMP vehicle can be seen in this file photo. (David Prisciak/CTV News) Four people have been arrested following the search of a home in Hillsvale, N.S. The Southwest Nova District RCMP Street Crime Enforcement Unit (SCEU) executed a search warrant at a home on Ardoise School Road on Tuesday in relation to an ongoing drug trafficking investigation. Police say a 59-year-old man and woman and a 40-year-old woman, all from Hillsvale, were arrested at the home. A 36-year-old Middle Sackville man was also arrested. 'During the search, officers located and seized a quantity of cocaine, cash, five rifles and drug paraphernalia,' reads a news release from the Nova Scotia RCMP. Melissa Sharon Millett, 40, who was wanted on a province-wide arrest warrant, has been charged with possession for the purpose of trafficking and possession of firearm knowing its possession is unauthorized. Millett appeared in court and was remanded into custody. She is scheduled to appear in Kentville provincial court on Friday. The three other people who were arrested were released on conditions. They are scheduled to appear in Windsor provincial court at a later date to face charges of: possession for the purpose of trafficking possession of firearm knowing its possession is unauthorized The investigation is ongoing. For more Nova Scotia news, visit our dedicated provincial page
CTV News
13-05-2025
- CTV News
Two men face drugs, weapons charges after Beaconsfield, N.S., home searched
An RCMP vehicle can be seen in this file photo. (David Prisciak/CTV News) Two men from Beaconsfield, N.S., are facing drugs and weapons charges following the search of a home in the Annapolis Valley. The RCMP's Southwest Nova Street Crime Enforcement Unit (SCEU) executed a search warrant at a home on Beaconsfield Road on May 1 in connection with an ongoing drug trafficking investigation. 'At the residence, officers safely arrested two men before seizing quantities of cocaine, methamphetamine, psilocybin, assorted pills, and drug paraphernalia. Two long guns, ammunition, brass knuckles and cash were also seized,' reads a news release from the RCMP. Troy David Alder, 53, has been charged with: two counts of possession for the purpose of trafficking unauthorized possession of a firearm unsafe storage of a firearm proceeds of crime over $5,000 Ryan Andrew Laviolette, 36, has been charged with: two counts of possession for the purpose of trafficking two counts of unsafe storage of a firearm proceeds of crime over $5,000 five counts of failure to comply with release order Alder and Laviolette appeared in Digby provincial court on May 2. Laviolette remains in custody and is due back in court on May 21. Alder has been released on conditions and is scheduled to return to court on June 9. For more Nova Scotia news, visit our dedicated provincial page
