'Without merits and unfair': Fired SingPost CEO and CFO to contest employment termination
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SINGAPORE - The former chief executive and chief financial officer of Singapore Post (SingPost), who were both fired on Dec 21 over a whistleblower's report, said the reasons provided for their termination are without substantive grounds and that the process'Without merits and unfair': Fired SingPost CEO and CFO to contest employment termination
SINGAPORE - The former chief executive and chief financial officer of Singapore Post (SingPost), who were both fired on Dec 21 over a whistleblower's report, said the reasons provided for their termination are without substantive grounds and that the process leading to the move was not conducted fairly. «It is our position that the termination is without merits, and was also procedurally unfair,» former CEO Vincent Phang and former CFO Vincent Yik said in an official statement sent to the media on Dec 23. They added: «We vigorously contest the termination of our employment, both on merits and on the grounds of procedural unfairness. »We categorically reject any suggestion that we were grossly negligent, had behaved inappropriately or had sought to misrepresent facts at any point." Mr Phang, Mr Yik and a third official, Mr Li Yu, who was CEO of an international business unit at the company, were terminated from employment with immediate effect on Dec 21 after investigations stemming from a whistleblower's report were concluded. Read more