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Layoffs should be last resort, employers should pay retrenchment benefit: MOM

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Retrenchment should be a last resort for companies to manage manpower costs, and those that have no choice but to do so should treat their employees with empathy and provide them a retrenchment benefit, an advisory from the Ministry of Manpower (MOM) said on Wednesday.

Singapore

RETRENCHMENT should be a last resort for companies to manage manpower costs, and those that have no choice but to do so should treat their employees with empathy and provide them a retrenchment benefit, an advisory from the Ministry of Manpower (MOM) said on Wednesday.

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