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Companies must report retrenchments to MOM from January 2017

This is to allow the ministry to extend employment support to affected workers

Published Fri, Nov 25, 2016 · 09:50 PM

Singapore

MORE help for retrenched workers is on the way.

From January next year, employers must notify the Ministry of Manpower (MOM) of retrenchments within five working days. This affects all companies with at least 10 employees where five or more employees are retrenched within any six-month period, Manpower Minister Lim Swee Say said on Friday.

"Our top concern is employment support, because the long-term unemployed rate has been creeping up, at the same time the rate of re-entry (into employment) has been coming down," said Mr Li…

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