SINGAPORE - Job seekers in Singapore are seeing signed employment contracts rescinded as businesses cut back on hiring during the coronavirus pandemic-triggered recession, recruiters say.
There are no hard figures to show how widespread the practice is, but the comments reflect uncertainty about business prospects as the city-state endures its worst recession on record. Paul Hoon, 44, said he resigned from his job in early June after signing a contract to be a regional supplier quality manager with a US-based company that designs and builds commercial fans. The day before he was due to start, the company informed him it had"ceased" the contract because of the economic blow from Covid-19.
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