Retrenchments and withdrawn job offers: Singapore's labour market shows signs of COVID-19 strain

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SINGAPORE: It was painful but seemingly inevitable. In mid-March, Mr Tan was retrenched from his role as a manager at a business tourism company. ...

Mr Tan, who asked for his full name not to be used, was with the company for five-and-a-half years, taking home about S$5,000 a month.His morale has taken a hit, the 55-year-old said, while pressure at home underscores the challenges he faces.

Many others have lost their jobs due to the economic crisis caused by the global spread of COVID-19 and there may soon be many more.According to the Ministry of Manpower , the number of retrenched workers has increased since January, based on the mandatory retrenchment notifications filed up until Mar 30.

In comparison, there were 10,690 retrenchments in 2019, according to an MOM report published in March.

Source: News Formal (newsformal.com)

 

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So u boost so much about tripartitism......now they r hiding one corner diam diam ya......people r sufferring. The foreign workers r all laughing all the way to their country n becos they r given waiver$750 n $600 n food n lodging n we citizen get peanuts $600 n no job.

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