Hengli Petrochemical International Pte Cuts Singapore Staff Weeks After US Sanctions Hit Parent
Updated
Updated · Bloomberg · May 11
Hengli Petrochemical International Pte Cuts Singapore Staff Weeks After US Sanctions Hit Parent
7 articles · Updated · Bloomberg · May 11
Hengli Petrochemical International Pte dismissed some Singapore-based employees, with part of the workforce changes taking immediate effect, according to people familiar with the matter.
Some staff were laid off outright, while others were offered roles in other entities, indicating a partial reshuffle rather than a full closure.
The cuts came weeks after the company’s then-parent was hit with US sanctions, linking the Singapore unit’s staffing move to pressure on the broader group.
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