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SINGAPORE – Struggling start-up Honestbee has retrenched about 80 per cent of its staff, in the wake of the temporary closure of its grocery store Habitat.
Employees have also been told that payment of their salaries and Central Provident Fund (CPF) contributions for the month of February will be delayed “until further funding can be secured”.
In a statement on Tuesday (March 10), a spokesman for the company said that the cuts were made, as “the company does not foresee operating Habitat (at) its full strength over the next few weeks”.
The start-up closed Habitat temporarily from Feb 10, citing the coronavirus outbreak and a reduction in the supermarket’s walk-in traffic.
The majority of the 100-odd employees made redundant, out of Honestbee’s overall headcount of 130 in Singapore, were “operational staff in culinary, service, retail and warehousing” at Habitat, the spokesman added.
The temporary closure of Habitat has impacted the firm’s revenues, which led to the job cuts and delayed payment of salaries, the spokesman said.
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