Singapore Retrenchment Statistics 2016

 Statistics on Retrenchment in 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?

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