, Singapore
Photo from Envato Elements

COTD: Retrenched employees rise in Q2 amidst business restructuring efforts

The number of retrenched employees in Q2 was 3,270.

The number of retrenched employees in Singapore rose to 3,270 in Q2 2024, from 3,030 in Q1 2024, according to the Ministry of Manpower.

The ministry said that the increase was mainly due to business reorganisation or restructuring.

In addition, the ministry noted that retrenched residents find employment when given more time. In H1 2023, at least 7 in 10 found employment within 12 months after being retrenched.

As of June, the ratio of job vacancies to unemployed persons is 167 to 100.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!