SINGAPORE, Aug. 22 -- Changi Travel Services (CTS), a subsidiary of Changi Airport Group, will cut about 30 jobs as part of a business restructuring exercise, according to CNA.

A CTS spokesperson said the decision followed a strategic review to address "evolving market conditions" and was made after "careful consideration" to strengthen the company's long-term sustainability.

CNA reported that affected employees will receive severance pay equivalent to four weeks' salary for each year of service, with no minimum service period required. CTS also said it would assist staff in finding new roles, either within Changi Airport or elsewhere.

Established in 2012, CTS operates brands such as Changi Recommends, Travel Recommends and ChangiFX, p...