Crystal Jade closes another four outlets; termination notices issued to about 120 workers

Nine Crystal Jade restaurants remain open in Singapore, with no further outlet closures expected, its receivers say.

A view of the entrance to Crystal Jade La Mian Xiao Long Bao restaurant at i12 Katong mall in Singapore. (Photo: Facebook/Crystal Jade Singapore)

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SINGAPORE: Crystal Jade has closed another four outlets in Singapore, leaving nine restaurants in operation, with no further closures expected.

The four outlets that ceased operations on Tuesday (Oct 6) comprised three Crystal Jade La Mian Xiao Long Bao outlets at Bugis Junction, Toa Payoh, and i12 Katong, and a Crystal Jade GO at Punggol Oasis Terrace.

Termination notices were also issued to about 120 workers across the affected outlets and some corporate functions.

The closures are part of a reorganisation of Crystal Jade's Singapore business ahead of a proposed sale, said f inancial and risk advisory firm Kroll in a media release on Wednesday.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Kroll representatives were appointed receivers of the holding companies for Crystal Jade's Singapore and Hong Kong operations on Sep 29. Receivership generally involves an appointed receiver taking control of certain assets of a company, typically to protect or recover their value. The restaurant premises will be handed back to landlords, Kroll said. "All affected employees have been informed directly and will receive salary payments up to their final date of employment. Restaurant staff will continue to serve their applicable notice periods and will be compensated in accordance with their employment contracts," Kroll added. Employees requiring assistance regarding final pay or benefits may continue to contact the HR team. Following the reorganisation, Crystal Jade's Singapore holding company will have about 210 employees, Kroll said. Kroll said its representatives intend to market the business for sale as a going concern, with the objective of preserving the group’s established brands, restaurant operations and the value built over more than 30 years. The proposed sale is intended to support the continuity and future growth of the business and is not expected to result in further operational restructuring. The nine remaining restaurants in Singapore will continue operating as usual. Separately, Crystal Jade Food Manufacturing, the group's central kitchen in Singapore, ceased operations on Monday. The company operates outside the scope of the receivership. Its closure was decided by management as part of the group's broader restructuring efforts, Kroll said.

Kroll representatives were appointed receivers of the holding companies for Crystal Jade's Singapore and Hong Kong operations on Sep 29.

Receivership generally involves an appointed receiver taking control of certain assets of a company, typically to protect or recover their value.

The restaurant premises will be handed back to landlords, Kroll said.

"All affected employees have been informed directly and will receive salary payments up to their final date of employment. Restaurant staff will continue to serve their applicable notice periods and will be compensated in accordance with their employment contracts," Kroll added.

Employees requiring assistance regarding final pay or benefits may continue to contact the HR team.

Following the reorganisation, Crystal Jade's Singapore holding company will have about 210 employees, Kroll said.

Kroll said its representatives intend to market the business for sale as a going concern, with the objective of preserving the group’s established brands, restaurant operations and the value built over more than 30 years.

The proposed sale is intended to support the continuity and future growth of the business and is not expected to result in further operational restructuring.

The nine remaining restaurants in Singapore will continue operating as usual.

Separately, Crystal Jade Food Manufacturing, the group's central kitchen in Singapore, ceased operations on Monday.

The company operates outside the scope of the receivership. Its closure was decided by management as part of the group's broader restructuring efforts, Kroll said.

SUPPORT FOR AFFECTED WORKERS

Kroll said that it and Crystal Jade have been engaging the Food, Drinks and Allied Workers Union (FDAWU), and other associations since Sep 30 to support affected employees.

FDAWU, an affiliated union of the National Trades Union Congress (NTUC), said in a media statement on Wednesday that Crystal Jade is not unionised but that it was approached by the appointed receivers to support affected union members and workers.

"FDAWU is heartened that the union was proactively engaged by the receivers, enabling FDAWU to take action promptly to support union members and workers during this period of uncertainty and transition," the union said.

FDAWU and NTUC's Employment and Employability Institute (e2i) curated more than 400 job opportunities across the food manufacturing, food services, hospitality and wholesale and retail sectors.

Employer partners including Paris Baguette, Neo Group Bakery and Din Tai Fung conducted on-site interviews for affected workers during a communications exercise by Crystal Jade.

FDAWU representatives were also on-site to assist affected union members, address their queries and provide guidance on available support schemes.

NTUC's e2i was also on-site to provide information on career resources and support services, as well as career advice to help affected workers transition to new job opportunities.

Care packs containing daily essentials and groceries were also prepared for affected union members.

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接管人表示，目前新加坡仍有九家翡翠餐厅营业，预计不会再有其他门店关闭。

这是位于新加坡加东i12购物中心的翡翠拉面小笼包餐厅入口处的照片。（照片来源：Facebook/Crystal Jade Singapore）

这段音频由人工智能工具生成。

新加坡：翡翠餐饮集团在新加坡关闭了另外四家分店，目前仅剩九家餐厅在营业，预计不会再有其他分店关闭。

周二（10 月 6 日）停止营业的四家分店包括位于武吉士购物中心、大巴窑和加东 i12 的三家翡翠拉面小笼包分店，以及位于榜鹅绿洲台的一家翡翠 GO 店。

受影响门店和部分公司职能部门的约 120 名员工也收到了解雇通知。

金融和风险咨询公司 Kroll 周三在一份新闻稿中表示，此次关店是翡翠集团新加坡业务重组的一部分，为拟议的出售做准备。

CNA游戏猜词游戏：逐行破解单词；流行词游戏：用给定的字母组成单词；迷你数独：小巧的谜题，强大的脑力挑战；迷你填字游戏：小方格，大挑战；单词搜索：尽可能多地找出单词。显示更多 显示更少 9月29日，Kroll的代表被任命为翡翠集团新加坡和香港业务控股公司的接管人。接管通常是指由指定的接管人控制公司的某些资产，通常是为了保护或收回其价值。Kroll表示，餐厅物业将归还给业主。“所有受影响的员工都已直接收到通知，并将收到直至其最后工作日的工资。餐厅员工将继续履行其适用的通知期，并将根据其雇佣合同获得补偿，”Kroll补充道。需要有关最终工资或福利方面帮助的员工可以继续联系人力资源团队。Kroll表示，重组后，翡翠集团新加坡控股公司将拥有约210名员工。 Kroll表示，其代表计划将该业务作为一家持续经营的企业进行出售，目的是保留集团旗下的知名品牌、餐厅运营以及30多年来积累的价值。此次拟议出售旨在支持业务的持续发展和未来增长，预计不会导致进一步的运营重组。新加坡剩余的九家餐厅将继续照常营业。此外，集团位于新加坡的中央厨房——翡翠食品制造有限公司已于周一停止运营。该公司不在破产管理范围之内。Kroll表示，其关闭是管理层作为集团整体重组计划的一部分而做出的决定。

9 月 29 日，Kroll 代表被任命为翡翠集团新加坡和香港业务控股公司的接管人。

接管通常是指由指定的接管人控制公司的某些资产，通常是为了保护或收回这些资产的价值。

克罗尔表示，餐厅的店面将归还给房东。

克罗尔补充道：“所有受影响的员工都已直接收到通知，并将获得直至离职日期的工资。餐厅员工将继续履行其适用的通知期，并将根据其劳动合同获得补偿。”

需要有关最终工资或福利方面帮助的员工可以继续联系人力资源团队。

Kroll表示，重组后，翡翠集团在新加坡的控股公司将拥有约210名员工。

Kroll 表示，其代表打算将该业务作为一家持续经营的企业进行出售，目的是保留该集团已建立的品牌、餐厅运营以及 30 多年来积累的价值。

此次拟议出售旨在支持业务的持续发展和未来增长，预计不会导致进一步的运营重组。

新加坡其余九家餐厅将继续照常营业。

此外，该集团位于新加坡的中央厨房——翡翠食品制造有限公司，已于周一停止运营。

该公司不受破产管理令的约束。克罗尔表示，该公司的关闭是管理层作为集团整体重组计划的一部分而做出的决定。

对受影响工人的支持

Kroll表示，自9月30日起，该公司和翡翠集团一直在与食品、饮料及相关行业工人联合会（FDAWU）和其他协会合作，为受影响的员工提供支持。

全国职工总会 (NTUC) 的附属工会 FDAWU 周三在一份媒体声明中表示，翡翠大厦没有工会，但指定的接管人已联系该工会，希望其为受影响的工会成员和工人提供支持。

工会表示：“FDAWU欣慰地看到接管人积极与工会接洽，使FDAWU能够迅速采取行动，在这个充满不确定性和过渡的时期为工会成员和工人提供支持。”

FDAWU 和 NTUC 的就业与就业能力研究所 (e2i) 精心策划了 400 多个涵盖食品制造、食品服务、酒店餐饮以及批发零售行业的就业机会。

在翡翠集团开展的沟通活动中，包括巴黎贝甜、新集团面包坊和鼎泰丰在内的雇主合作伙伴对受影响的工人进行了现场访谈。

FDAWU 的代表也到场协助受影响的工会成员，解答他们的疑问，并提供有关可用支持计划的指导。

全国职工总会的 e2i 也派员到现场提供职业资源和支持服务信息，以及职业建议，以帮助受影响的工人过渡到新的工作机会。

还为受影响的工会成员准备了包含日常必需品和食品杂货的爱心包。

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