Retrenchments up in first quarter, led by manufacturing: MOM
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Singapore
RETRENCHMENTS in Singapore rose in the first quarter of the year, driven by manufacturing losses and hitting mainly production and related workers from electronics, said the Manpower Ministry (MOM) on Thursday.
The number of retrenched employees stood at 3,230, up from 2,510 in the previous quarter and also higher than a year ago, the ministry said in its latest labour market report.
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