SINGAPORE - The Singapore Indian Chamber of Commerce and Industry (SICCI) has been hit by eight staff resignations in less than two weeks, prompting speculation that all is not well at the trade association.
BT understands that SICCI, which represents more than 900 Indian companies here, saw nearly half of its 18-member staff quit just over a month after the appointment of its new chief executive officer, Sanjoy Chowdhury.
This takes the total number of resignations at SICCI to 10 since former CEO Hernaikh Singh left in September last year after tendering in June.
Staff that BT spoke to cited a poor working environment, faltering relations with the senior management and the lack of opportunity for growth and progression as reasons for their departure. "There is low morale among employees and actually many had been planning to leave sometime ago . . . when the first executive resigned about two weeks ago, that started the ball rolling," said a staff member.
BT understands that SICCI pays its employees bonuses at the end of February, and this could explain why the staff had delayed their decision to resign.
Among the eight that have resigned in the last two weeks are SICCI's general manager, communications and business development manager as well as finance manager.
BT understands that the chamber has not accepted one of these resignations and is negotiating with the employee concerned.
SICCI board members that BT spoke to declined to comment on the resignations but said that they had brought forward their board meeting to March 18 to discuss the resignations and their implication for the chamber.
A former leading board member told BT that part of the problem could be due to leadership issues.
It took SICCI more than six months to appoint a new CEO, after its previous one resigned suddenly. In the interim, several of the senior staff were given leadership responsibilities.
According to the former board member, a leadership tussle ensued and the atmosphere turned sour when the new CEO was appointed.
All eyes are now peeled on next Monday's board meeting, which will determine the next steps that SICCI will take.