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retrenchment
Digital Economy
Lessons from Lazada for Singapore's employers and employees
Without statutory retrenchment pay in Singapore, affected employees bemoan the slim severance package offered by Lazada.
January 10, 2024
Restructuring
Yeo's retrenches 32 staff in Singapore amid changing consumer patterns and mounting cost pressures
The affected staff account for less than 2% of the company’s 1,900-person workforce.
April 05, 2022
New appointments
ASTI Holdings retrenches CEO amid efforts to stay afloat and exit SGX watch-list
ASTI Holdings retrenches CEO amid tough times.
December 22, 2021
Company in the news
AIA creates up to 500 career opportunities for fresh graduates and mid-career switchers
The scheme aims to provide support to individuals seeking careers in Singapore’s financial services sector.
September 21, 2020
Labour market
Unemployment and retrenchment levels to ease as economy shows signs of picking up
SINGAPORE (20 Dec) : Singapore’s labour market came under some pressure earlier this year, as the slowing economy saw hiring sentiment turning more cautious across industries. In its most recent Labour Market Report for 3Q2019 ended Sept 30, the Ministr
December 20, 2019
Labour market
6 indicators that offer bleak outlook for Singapore's labour market
(Oct 29): Singapore’s resilient labour market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures.
October 29, 2019
In print this week
PMETs face higher risk of retrenchment, experts say
SINGAPORE (Mar 8): The conventional wisdom that the higher skilled is more employable no longer holds water, says DBS economist Irvin Seah.
March 08, 2019
Careers & Training
IBM partners IMDA to roll out 'New Collar Apprenticeship' initiative after layoffs in Singapore
SINGAPORE (Aug 16): International Business Machines (IBM) is joining the Infocomm Media Development Authority’s (IMDA) Company-Led Training programme under its TechSkills Accelerator (TeSA) initiative to roll out their first “New Collar Apprenticeship
August 16, 2018
Singapore economy
Singapore 2Q unemployment rate at 2.1%, up from 2.0% in 1Q
SINGAPORE (July 27): Singapore’s overall unemployment rate edged up 0.1 percentage point to 2.1% in June from 2.0% in March as more people entered the workforce, reported the Ministry of Manpower today.
July 27, 2018
Global Yellow Pages announces restructuring and retrenchments; to cease publication of print directories from 2018
SINGAPORE (Aug 1): As part of what its CEO and director calls a “painful but necessary” revamp of its business model, Global Yellow Pages (GYP) has announced that it will be restructuring its business to focus on real estate as its core business, and
August 01, 2017