Property News · February 14, 2020

Embattled Hong Kong cosmetics retailer Sa Sa axes 75 jobs, cuts salaries by up to 40 per cent


Sa Sa International Holdings, Hong Kong’s biggest cosmetics retailer, said on Thursday it would cut its 2,500-strong work force in the city by 3 per cent and slash salaries by up to 40 per cent in the three months to May.The announcement follows a 75 per cent cut in pay for the company’s executive directors for three months, which it revealed on February 6. Sa Sa aims to save up to 30 per cent of its costs in the short term through these measures.“Sa Sa, like all of our peers in retail, has…

Source : South China Morning Post
Read more…Embattled Hong Kong cosmetics retailer Sa Sa axes 75 jobs, cuts salaries by up to 40 per cent

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