Retrenchments hit 24-year record low in Q1 amid tight labour market: MOM

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Retrenchments hit 24-year record low in Q1 of this year: MOM

SINGAPORE - Retrenchments in Singapore hit a record low of 1,300 in the first quarter of this year amid a tight labour market, according to advance estimates published by the Ministry of Manpower on Thursday .

, which saw the service sector hit the hardest as Singaporeans stayed home and tourist numbers dropped drastically. Of the 1,300, 700 were retrenched in the service sector, 500 in manufacturing and 100 in construction.

 

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