{"id":114263,"date":"2020-02-14T06:00:08","date_gmt":"2020-02-13T23:00:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-hong-kong-cosmetics-retailer-sa-sa-axes-75-jobs-cuts-salaries-by-up-to-40-per-cent\/"},"modified":"2020-02-14T07:08:43","modified_gmt":"2020-02-14T00:08:43","slug":"embattled-hong-kong-cosmetics-retailer-sa-sa-axes-75-jobs-cuts-salaries-by-up-to-40-per-cent","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-hong-kong-cosmetics-retailer-sa-sa-axes-75-jobs-cuts-salaries-by-up-to-40-per-cent\/","title":{"rendered":"Embattled Hong Kong cosmetics retailer Sa Sa axes 75 jobs, cuts salaries by up to 40 per cent"},"content":{"rendered":"


\nSa Sa International Holdings, Hong Kong\u2019s 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\u2019s 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.\u201cSa Sa, like all of our peers in retail, has\u2026
\n
\nSource : South China Morning Post
\nRead more…Embattled Hong Kong cosmetics retailer Sa Sa axes 75 jobs, cuts salaries by up to 40 per cent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sa Sa International Holdings, Hong Kong\u2019s biggest cosmetics retailer, said on Thursday it would cut...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114263","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tIX","jetpack-related-posts":[{"id":94903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-applies-to-double-the-size-of-a-hong-kong-residential-project-to-boost-supply-of-homes\/","url_meta":{"origin":114263,"position":0},"title":"SHKP applies to double the size of a Hong Kong residential project to boost supply of homes","date":"July 27, 2018","format":false,"excerpt":"\r The supply of new homes in Hong Kong may get a boost if an application by developer Sun Hung Kai Properties (SHKP) to almost double the number of flats at its proposed housing project in Sai Kung and to cut unit sizes by 39 per cent is approved. SHKP\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105671,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lvmh-owned-cosmetics-retailer-sephora-returns-to-hong-kong-after-nine-years-with-outlet-in-ifc-mall\/","url_meta":{"origin":114263,"position":1},"title":"LVMH-owned cosmetics retailer Sephora returns to Hong Kong after nine years with outlet in IFC Mall","date":"April 2, 2019","format":false,"excerpt":"\r Cosmetics retailer Sephora is making a comeback to Hong Kong after a nine-year absence.Sephora, which is owned by Paris-based luxury-goods maker LVMH, will sublet 4,000 square feet of fashion retailer Zara\u2019s 15,000 sq ft shop in IFC Mall in Central, according to Chinese media reports.Zara\u2019s store is on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-land-cuts-rents-by-up-to-60-per-cent-as-hong-kong-issues-sos-to-support-businesses-protect-jobs\/","url_meta":{"origin":114263,"position":2},"title":"Henderson Land cuts rents by up to 60 per cent as Hong Kong issues SOS to support businesses, protect jobs","date":"February 13, 2020","format":false,"excerpt":"\r Henderson Land Development, run by Hong Kong\u2019s richest tycoon, is reducing rents for its tenants by as much as 60 per cent, joining its peers easing the strain on local businesses hit by the coronavirus outbreak.The developer, which owns retail space in more than 20 shopping malls across the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cathay-pacific-job-cuts-will-hit-hong-kong-housing-market-as-axed-pilots-cabin-crew-move-away-or-downsize-say-analysts\/","url_meta":{"origin":114263,"position":3},"title":"Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts","date":"October 22, 2020","format":false,"excerpt":"\r The massive job cuts at Cathay Pacific, Hong Kong\u2019s flagship carrier, are likely to further drag down the city\u2019s flagging property market, with districts close to the airport potentially facing steep cuts in home prices and rents, according to analysts.The embattled airline\u2019s announcement on Tuesday that 5,900 jobs would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bonjour-says-au-revoir-the-second-major-retailer-to-leave-worlds-costliest-high-street-amid-protests\/","url_meta":{"origin":114263,"position":4},"title":"Bonjour says au revoir, the second major retailer to leave world\u2019s costliest high street amid protests","date":"October 30, 2019","format":false,"excerpt":"\r Hong Kong\u2019s Russell Street, the world\u2019s most expensive retail strip, is slipping fast from its perch, with rents falling by more than 50 per cent from their peak in 2013.In the latest sign that the city\u2019s retailers are struggling to cope with the consequences of the more than five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-jiayuan-says-hong-kong-micro-flats-profitable-despite-price-cuts-reports-23-per-cent-rise-in-interim-profit\/","url_meta":{"origin":114263,"position":5},"title":"Mainland Chinese developer Jiayuan says Hong Kong micro flats profitable despite price cuts, reports 23 per cent rise in interim profit","date":"August 27, 2019","format":false,"excerpt":"\r The mainland Chinese property developer behind Hong Kong\u2019s smallest micro flats ever \u2013 smaller than a car park at 128 sq ft \u2013 said the development was profitable even after it cut prices by as much as 38 per cent to as low as HK$1.73 million (US$220,514) per unit\u2026","rel":"","context":"In "Property 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