Number of retrenchment notices received by MoM exceeds 800
A quarter of the notices were from the information and communications sector.
The Ministry of Manpower (MoM) has received about 850 retrenchment notices in 2023.
Minister for Manpower Tan See Leng, in response to a parliamentary question, said a quarter of the notices were from the information and communications sector.
Meanwhile, Tan told retrenching firms to submit notices within five working days after informing affected employees to ensure timely support.
Three in four retrenchment notices received by MoM were submitted on time.
Of the late submissions, Tan said 65% were submitted before the retrenchment took place, “which was still useful in providing Workforce Singapore or Employment and Employability Institute an opportunity to offer employment assistance to affected employees. Employers who submitted notifications late are issued with caution letters.”