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Last month in Parliament, Manpower Minister Lim Swee Say said that nine in ten companies retrenching employees in Singapore had the "standard practice" of paying retrenchment benefits.
However, he stopped short of supporting compulsory retrenchment benefits, saying that the tripartite partners agree it is important to allow for the “flexibility to negotiate … rather than prescribing it in the law”.
http://www.channelnewsasia.com/news/singapore/tripartite-partners/2812082.html
However, he stopped short of supporting compulsory retrenchment benefits, saying that the tripartite partners agree it is important to allow for the “flexibility to negotiate … rather than prescribing it in the law”.
http://www.channelnewsasia.com/news/singapore/tripartite-partners/2812082.html