Retrenchments rise in Singapore as manufacturing sector takes a beating: manpower ministry report – ig.com
Retrenchments rose in the first quarter of this year compared to the previous quarter, due to business restructuring and reorganization, said Singapores Ministry of Manpower (MOM) on Thursday. Among the sectors, retrenchments were driven by the manufacturing industry, the ministry said. A total of 3,230 workers were laid off in the first three months of…