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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
Labour market
Retrenchments increase in 3Q2023; economic headwinds to continue weighing on labour market: MOM
Re-entry into employment among retrenched residents improved to 65.3% in the 3Q2023 while unemployment rates remained low at 1.9%.
December 14, 2023
Labour market
Singapore real income falls 2.3% this year as inflation lingers
Economic headwinds are expected to continue to weigh on the job market going forward said an MOM report.
December 01, 2023
Labour market
Retrenchments in Singapore rose to 4,100 in 3Q2023 with majority from wholesale trade sector: MOM
The proportion of firms which indicated an intention to hire in the next three months fell to 42.8% from 58.2%.
October 26, 2023
Company in the news
Japan Foods subsidiary not allowed to apply for new work passes till May 2024
At this point in time, the ruling by MOM is not expected to have any material financial impact on Japan Foods.
June 23, 2023
Labour market
Singapore’s total employment expands for sixth straight quarter, now 3.8% above pre-pandemic level: MOM
The number of jobs available in the market fell for the fourth straight quarter to 99,600 in March this year.
June 15, 2023
Labour market
Global headwinds and slower growth may weigh on labour demand going forward, says MOM
Singapore’s labour market has improved “significantly” in 2022 on a y-o-y basis, with total employment growing by a record 227,800
March 15, 2023
Singapore economy
Labour market could ease in 2023 after tightness last year: Analysts
Unemployment rates could trend higher in 2023 with an uptick in retrenchments but is expected to remain within pre-Covid levels.
February 02, 2023
Labour market
Singapore unveils long-term work visas to end talent crunch
The new rules will allow foreigners earning a minimum $30,000 per month to secure a five-year work pass.
August 29, 2022
Labour market
Non-resident worker inflows expected to recover: MOM
Job vacancies have increased to a new high of 128,100 during the 1Q2022, according to figures released by the ministry on June 17.
June 17, 2022