SNEF in the news

Kuah Boon Wee was elected as the new president of the Singapore National Employers Federation for the 2026-2028 term, with three new members joining the Council.

Kuah Boon Wee, a director at MTQ Corporation, was elected president of the Singapore National Employers Federation (SNEF) for the 2026-2028 term.

More than half of employers anticipate moderating or freezing wages in 2027, driven by rising manpower costs and business uncertainties.

SNEF's annual poll reveals that over half of Singaporean employers plan to freeze hiring and moderate wages in 2027, despite a better business outlook.

More Singaporean employers plan wage freezes or moderate pay rises in 2027 due to rising manpower costs and business uncertainties, with a K-shaped economy emerging.

A survey by SNEF reveals more Singaporean employers plan to freeze or moderate wages in 2027 while increasing their focus on AI, driven by rising costs and an uncertain business outlook.

More than half of Singaporean firms plan to freeze hiring and wages in 2027, according to a SNEF poll, despite an improved business outlook.

Xavier Macaire canceled his 2026 Figaro season with Groupe Snef due to unforeseen personal circumstances, expressing disappointment and gratitude for past support.

SNEF, led by Jean-Pierre Dréau, evolved from a 1905 electrician company into a 1.7 billion euro group specialized in electrical engineering, instrumentation, telecom, and digital transformation, expanding through international acquisitions.

Groupe Snef has entered into a strategic partnership with Norda Stelo to accelerate global expansion and strengthen industrial engineering capabilities in North America.

A strategic partnership between Norda Stelo and Groupe Snef aims to scale sustainable engineering services globally while maintaining Quebec-based leadership.

Snef is undergoing a significant staff turnover with numerous departures, arrivals, and contract extensions to prepare for the new season.

A SNEF poll found that 96% of Singaporean companies are experiencing higher operating costs due to the energy crunch, yet most have not adjusted their workforce, instead seeking government support and bracing for a cautious economic outlook.

SNEF's Plérin branch, specializing in electronic security, electricity, and air treatment, completed projects for Yves-le-Foll hospital and Armor Ingénierie, and is expanding and recruiting.

A Singapore National Employers Federation survey reveals that 96% of employers in Singapore face higher operating costs due to rising energy prices, impacting utilities, fuel, materials, and manpower.

A SNEF poll found that 83% of employers have not implemented workforce or workplace changes due to higher energy prices, preferring operational adjustments.

Calogena, a subsidiary of Groupe Gorgé, secured significant funding from Groupe Snef, Banque des Territoires, and Bpifrance to advance its nuclear reactor technology for decarbonizing heating networks.

Xavier Macaire, Groupe Snef skipper, must withdraw from the 2026 Figaro sailing season and Solitaire du Figaro due to personal reasons beyond his control.

There is a debate in Singapore about requiring advance retrenchment notifications to protect workers, with unions pushing for it and employers cautioning on confidentiality and practical issues, while MOM reviews the Employment Act.

Snef has entered as a shareholder in the Calogena SMR nuclear project, backed by a 180 million euro funding confirmed at a 2026 energy summit.