Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry with regard to the decision by Industrial Light & Magic to end its operations in Singapore (a) what is the expiry date of the tax incentive schemes granted to the company; and (b) whether the Ministry has the number of Singaporean and non-Singaporean staff that are expected to be made redundant and, if so, what are these numbers.
Mr Gan Kim Yong: Industrial Light & Magic has not been awarded any tax incentive.
The company’s closure is expected to affect more than 300 employees, about two-thirds of whom are locals. The Economic Development Board and Workforce Singapore are working with the company to help affected employees seek alternative employment opportunities.
Ministry of Trade and Industry
19 September 2023
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-14582
Office of the Leader of the Opposition 