9 in 10 Singapore companies paid out retrenchment benefits in 2015

SINGAPORE (Dec 29): The proportion of establishments in Singapore giving out retrenchment benefits remains high, says the Ministry of Manpower (MOM) based on the results of its Retrenchment Benefits Survey covering retrenchments conducted in 2015.

Earlier this month, MOM reported that the number of worker lay-offs in Singapore recently hit a seven-year high with some 13,730 workers being let go in the first nine months of 2016 alone.

(See also: Worker lay-offs hit 7-year high in Singapore)

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