Singapore retrenchments climb in Q1, with sharpest rise in incidence among degree holders, older workers: MOM

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Singapore experienced a rise in retrenchments in Q1, with the highest incidence among degree holders and older workers. The Ministry of Manpower attributes this trend to ongoing restructuring in professional and knowledge-intensive sectors amid economic shifts.

The notable shift in retrenchment incidence among higher-educated workers reflects the ongoing restructuring in the professional and knowledge-intensive sectors, says the ministry.