SINGAPORE — The SMRT management has given its assurance that no SMRT staff will lose his or her job, following Temasek Holdings’ offer to take the public transport operator private.
The rail operator gave the assurance to the National Transport Workers’ Union (NTWU), said Mr Melvin Yong in a Facebook post on Wednesday (July 20).
Mr Yong, who is NTWU’s Executive Secretary, said: “With the announcement by Temasek on its offer to buy out SMRT, workers of SMRT would naturally be concerned if their jobs might be affected.”
He added: “In the coming weeks, the union will continue to work closely with SMRT to hold staff engagement sessions to help staff understand the New Rail Financing Framework and the Temasek offer, as well as address their queries and concerns.”
Temasek Holdings on Wednesday made the offer to take SMRT private at S$1.68 per share. The offer follows SMRT’s announcement on Friday that it would be selling its operating assets to the Land Transport Authority (LTA).
news source: todayonline.com
