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BLOOMBERG:
The higher retrenchment figure comes as employers grow more cautious about the outlook. More than half of Singapore companies polled by an industry group in April said they were concerned about labour costs, while the Monetary Authority of Singapore warned that labour demand could soften this year due to increasing uncertainties.
Singapore Layoffs Are Near Three-Year High as Firms Restructure
https://www.bloomberg.com/news/arti...are-near-three-year-high-as-firms-restructureThe higher retrenchment figure comes as employers grow more cautious about the outlook. More than half of Singapore companies polled by an industry group in April said they were concerned about labour costs, while the Monetary Authority of Singapore warned that labour demand could soften this year due to increasing uncertainties.