NTUC: Expect 31% more retrenchment this quarter as Singapore goes into recession

[krafty]

According to a media interview, NTUC expects 31% more retrenchment, at 234, this coming Jan-Mar quarter this year as compared to the first quarter of 2015 at 178. NTUC assistant-general and former NMP Chiam Hui Fong said NTUC is “not too alarmed” by the 31% spike because the “phased retrenchment” was planned for in 2015.

http://statestimesreview.com/2016/0...his-quarter-as-singapore-goes-into-recession/