You are here


Retrenchments likely to go up this year: Lim Swee Say

Tuesday, November 8, 2016 - 05:50

In the first nine months of this year, 11,890 workers were axed. The figure for the whole of last year was 13,440. Mr Lim said there has been no sign that "disguised retrenchments" are on the rise.


THE number of layoffs this year is likely to be higher than last year's, but there is no sign that "disguised retrenchments" are on the rise, Manpower Minister Lim Swee Say told Parliament on Monday.

Replying to questions raised by Members of Parliament Seah Kian Peng and

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom