Turner restructures APAC ops, trims staff by 30%

20 Jun,2013

By A Correspondent


Turner International Asia Pacific has concluded a review of its business and operations, resulting in a decentralization of a number of functions from its Hong Kong headquarters.


The review undertaken with assistance from PWC brings approximately a 30 percent reduction in total positions across the APAC business in the three regions of South Asia, South East Asia Pacific and North Asia. This total comprises open headcount, positions that became vacant and are not being reoccupied, redundancies and outsourcing.


“This restructure is a tough but absolutely necessary process to best position Turner Asia Pacific on the path for future growth towards our ambitious long term goals to double annual revenues by 2020,” said Steve Marcopoto, President and MD Turner International Asia Pacific.


“We are most grateful for the service and commitment of those employees directly affected and will work to ensure that they are offered appropriate support through the transition and to find new opportunities”.


The new, leaner central structure means more efficiency, less bureaucracy and greater empowerment for local management in the company’s three regions of South Asia, South East Asia Pacific and North Asia.


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