World · Singapore Bureau
Crystal Jade shuts four more outlets; 120 workers receive termination notices
The troubled Chinese restaurant chain has further reduced its Singapore footprint, with nine outlets remaining operational. Receivers overseeing the company say no additional closures are planned.
LSN Singapore ·
Crystal Jade has shuttered another four restaurants in Singapore, resulting in termination notices being issued to approximately 120 workers, marking the latest contraction for the once-prominent dining establishment.
The closures reduce the chain's Singapore presence to nine operational outlets, according to the receivers managing the business. The latest round of shutdowns follows a period of significant retrenchment for the restaurant operator, which has faced mounting financial difficulties.
Receivers indicated that the nine remaining locations represent a stabilised footprint, with no further outlet closures anticipated at this stage. The company did not provide details regarding the timeline for the workforce reductions or severance arrangements for affected employees.
Crystal Jade's contraction reflects broader challenges facing the local dining sector, where several established restaurant chains have undergone significant restructuring in recent years amid changing consumer preferences and operational pressures.