Retrenchments in Singapore more than double in Q2


Tough times: Workers sit atop the upcoming Apple store at the Marina Bay Sands in Singapore. The number of employees placed on shorter work weeks or temporary layoffs rose to an unprecedented high of 81,720 in the second quarter. — Reuters

SINGAPORE: Retrenchments more than doubled to 8,130 in the three months to June, compared with the first quarter, according to Ministry of Manpower (MoM) data.

This was sharply higher than the preliminary estimate of 6,700 released in July, as well as the first quarter figure of 3,220. The second-quarter layoffs brought the total number of job losses to 11,350 in the first half of the year.

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