Crystal Jade shuts four outlets and cuts 120 jobs as Kroll preps sale

Nine remaining outlets will continue operations.

Crystal Jade has closed four Singapore restaurants and issued termination notices to about 120 workers as Kroll restructures the business ahead of a proposed sale.

Kroll, appointed receiver of Crystal Jade’s Singapore and Hong Kong holding companies on 29 September, said restructuring measures for the Singapore business have been completed.

The four outlets that ceased operations in October were three Crystal Jade La Mian Xiao Long Bao outlets at Bugis Junction, Toa Payoh, and Katong i12, and Crystal Jade GO at Punggol Oasis Terrace.

Crystal Jade will continue operating its remaining nine Singapore outlets, with its workforce reduced to about 210.

Kroll and Crystal Jade have been engaging the Food, Drinks and Allied Workers Union (FDAWU), an affiliate of the National Trades Union Congress (NTUC), since Sept 30 to support affected employees through the transition.

Affected employees have been informed directly and will receive salary payments through their final employment dates, Kroll said.

Separately, Crystal Jade’s central kitchen, which is outside the receivership, ceased operations on 5 October as part of the broader restructuring.

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