Singapore Retrenchment Statistics 2016
According to MOM’s Labour Market Report Second Quarter 2016:
- 4,800 workers were retrenched in 2016 Q2, a 47% increase compared to 2015 Q2
- It recorded the highest second quarter redundancies since 2009
- Total of 9,510 workers were laid off in just first half of 2016
The axe is never far away.. Are you prepared for retrenchment? Want to be updated on the latest trends?
Click here to take part in our Calent3 Outplacement Trends Survey (2017/18) today to receive a complimentary report and a chance to qualify for our lucky draw for an iPad Mini.