The tripartite partners, including the Ministry of Manpower (MOM), acknowledged that some employers have started to implement cost-saving measures to tide over the uncertain economy. Meanwhile, Singapore’s seasonally-adjusted unemployment rate edged up to 3.6% in September, deteriorating from the 3.4% registered in August. PHOTO: The Straits Times Outsourcing Payment Services Life Sciences and Healthcare The EU Whistleblowing Directive Tax Finland    Trade Regulatory Southeast Europe and Turkey Covid-19: S'pore could see 150,000 to 200,000 retrenchments, negative GDP growth of 6%.    Trade Secrets Australia's Notifiable Data Breach Scheme Infrastructure Lastly, employers are encouraged to support their retrenched employees in gaining new employment through business networks or by utilising the Workforce Singapore Employment and Employability Institute platforms.    Healthcare Lifestyle. Spain Esports    Capital Markets Implementation Tracker AVMS Directive    Construction and engineering Singapore. North America Asia-Pacific News.    Postal AND RESPONSIBLE RETRENCHMENT (Updated 17 October 2020) Introduction The Singapore economy is open and highly exposed to changes in external demand and supply in the global economy.    Broadcasting Regulatory & Public Affairs Reports of Trade Mark Cases for CIPA Journal Intellectual Property    Energy Storage Blockchain    Airlines IN THE first half of 2020, 5,280 Singaporeans were retrenched, said Manpower Minister Josephine Teo in Parliament on Friday, during a sitting which saw multiple Members of Parliament raising concerns about employment issues and fair consideration.    Food & Beverage Regulatory Follow the latest news on retrenchment at TODAYonline. Restructuring and Insolvency Employers must put in place and enforce Safe Management Measures at the workplace and checks will be conducted by the relevant authorities. For non-unionised Employers, they are encouraged to support the affected employees by providing a lump sum ranging from one and three months of salary instead. Franchising Germany 1. Please contact our lawyers if you have any specific queries.    Communications Tech Transactions    Rail    Patents This is in view of the support measures provided by the government including training grants and wage support such as the Jobs Support Scheme. Malaysia Singapore October 21 2020 Given the uncertain economy outlook, in May 2020, the tripartite partners i.e. United Arab Emirates    Commercial Disputes Most offices can also re-open, but with tele-commuting adopted to the maximum extent.    Competition & Regulatory Investigations Mobile Health In focus Belgium "Is it really a retrenchment?" Indonesia SIA had announced that it would slash about 20 per cent of its headcount - about 4,300 positions - amid the COVID-19 … Retrenchment numbers in the first half of 2020 hit 11,350, exceeding initial estimations, said the Ministry of Manpower. Life Sciences China Netherlands Defence & Security    International Education Singapore updated the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment in view of the evolving COVID-19 situation. The Tripartite Partners have yet again updated the Advisory on 17 October 2020 (“Updated Advisory“) to emphasise key desired outcomes in any retrenchment exercise, in light of retrenchments being inevitable for some employers despite available government grants and support. Slovak Republic    Copyright & related rights This involves taking into account the following non-exhaustive factors when conducting a retrenchment exer… The retrenchment exercise - which affects about 2,400 staff - is being conducted at the SIA Training Centre, near Changi Airport, for Singapore-based staff. 5G Summary Table: Retrenchment Retrenchment refers to the termination of permanent employees due to redundancy and early termination of term contract employees due to redundancy.    White Collar Crime Investigations    Nuclear Trade and Customs How bad is the retrenchment situation in Singapore, and how much worse it will get Saturday, 15 Aug 2020 02:43 PM MYT Even as retrenchment figures rise, the official numbers may still not capture the full picture since they do not include firms with fewer than 25 employees or affected workers in the gig economy, economists told TODAY. We will continue to monitor the situation and provide updates on any changes as soon as these are communicated to us. Summary of retrenchment, layoff and job cut news in Singapore and Asia 2020, and how to know if your industry is affected United States    Forensic Services The Ministry of Manpower ("MOM") has also issued further guidance on the Safe Management Measures to be adopted at the workplace as updated on 19 May 2020. RESEND Switzerland and Austria Corporate Cybersecurity    Sport This article is produced by our Singapore office, Bird & Bird ATMD LLP, and does not constitute legal advice. Hungary    Devices and Components Compared to SARS, where there were only 5,510 retrenchments, Covid-19 has proven itself deadlier to Singapore’s economy. Aviation & Aerospace    Luxury, Fashion & Retail Italy Hello, your email is unverified. Trade Secrets GE2020. CALL +65 6388 3838 EMAIL btocs@sph.com.sg, OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM, For daily updates on weekdays and specially selected content for the weekend.    Commercial Aerospace Chart: Retrenchment - Draw your own insights into Singapore’s labour market by exploring official data through interactive charts. The Singapore Democratic Party (SDP) launched its General Elections (GE) campaign on 28 April 2020. Here are tips to help you better interact with the statistics Western Europe Singapore: Ministry of Manpower updates advisory on responsible retrenchment. Covid-19. This translates to 112,500 unemployed residents in September, of which 97,700 were among citizens.    Airports International Expansion    EU Trade Defence The Unitary Patent and the Unified Patent Court    Competition Toolkit Video Demos A summary of the updates is as follows: Maintaining a Singaporean core France    Employment A summary of the updates is as follows: Maintaining a Singaporean core    Life Sciences Further to our article first published on 14 May 2020, here is an update on the current situation in view of COVID-19, the Ministry of Health has recently announced the end of the Circuit Breaker on 1 June 2020 and a 3- phase approach to resuming activities safely (Phase One - Safe Re-opening (w.e.f 2 June 2020), Phase Two - Safe Transition and Phase Three  - Safe Nation). Singapore In Your Corner    Gambling Autonomous Driving    Business Immigration Central and Eastern Europe Workforce retrenchment in Singapore is expected to hit record numbers as a result of economic disruption from the coronavirus (COVID-19) pandemic. Businesses also need to push for higher productivity in the face of slower manpower growth and keen external competition. Africa It is intended to provide general information only. Experts said the retrenchment was not surprising, given that tourism has stopped in Singapore due to travel restrictions aimed at curbing the spread of Covid-19. Navigating Hong Kong's Competition Law Tessellate Latin America    Publishing Coronavirus (COVID-19) Follow the latest news and comprehensive coverage on RETRENCHMENT at CNA Cloud Computing Go, Francine Cunningham @frcunningham speaks to @Telegraph about The Digital Services Act and how the rules would see t… https://t.co/1iG9lCLdFO, Podcast launch: Our Digital Rights & Assets group review the EU’s draft Data Governance Act and discuss its politic… https://t.co/W5xIA5v5iP, Singapore: Updates on retrenchment benefits during COVID-19. the Ministry of Manpower ("MOM"), the Singapore …    Travel Employers whose businesses are adversely affected are encouraged to work together with the union (if applicable) or their employees to renegotiate for a fair retrenchment benefit which corresponds with the employees' years of service. Please note that the information in this article is accurate as at 20 May 2020. Transact.    International Arbitration Denmark    Product design Geo-Blocking Oxygy    Mining and Minerals Luxembourg premium content on your favourite platforms, Keppel contributes to uplifting rural communities in Yunnan, BN Group global marketing head denies hacking Novu Aesthetics' Instagram account, Miyoshi gets qualified opinion from auditors on FY2020 financial statements, PM Lee to address nation on Singapore's Covid-19 situation at 5pm on Monday, UOL sells about 70% of Clavon's 640 units at average price of S$1,640 psf, Oil rises from the ashes as the big coronavirus recovery trade, Malaysia's Top Glove fired whistleblower before virus outbreak, Yet another twist in Singapore's Loh cousins saga.    Energy Digitalisation    Corporate Tax International HR Services Medical Devices    Data Protection Officer Services VERIFICATION EMAIL.    Aircraft Finance Financial Services This is in line with the Ministry of Manpower’s recent retrenchment advisory. For unionised employers who are experiencing severe financial difficulties, they are encouraged to negotiate with their unions for a mutually accepted retrenchment package. ... M1 retrenched 50 Singapore employees in February 2020, according to an official statement. Sweden    Civil Law Investigations    Hotels, Hospitality & Leisure    Music Affected workers from Suntec Singapore Convention & Exhibition Centre receiving support following the retrenchment exercise on Aug 27, 2020. Bird & Bird Plus SINGAPORE: Singapore's overall unemployment rate rose in the second quarter to its highest level in more than a decade, as retrenchments more … Poland    Transactional IP Unmanned Aerial Systems, Location Middle East Commercial Real Estate At Phase One, most manufacturing companies can resume full production, subject to the issued guidelines set for the manufacturing sector.    Energy Network and Transmission Media, Entertainment and Sport    Satellite and Space activities The number of jobs available in Singapore has shrunk by 121,800 in the second quarter of 2020, more than 4x worse than the first quarter where total employment only shrunk by 25,600. Regulatory and Administrative Investigations Guide to IP rights in the UK    Procurement Challenges Lifestyle News. IN THE first half of 2020, 5,280 Singaporeans were retrenched, said Manpower Minister Josephine Teo in Parliament on Friday, during a sitting which saw multiple Members of Parliament raising concerns about employment issues and fair consideration.    Glossary of terms used in relation to Brexit India The EU Trade Mark Reform - The biggest change to trade mark law for 20 years Although the Advisory is not legally binding on employers, it outlines progressive workplace practices that employers should adopt. Product compliance and liability The impact caused by the coronavirus proved to be too much for electric-taxi company HDT, who announced that they will soon be exiting the taxi business in Singapore. The FAQ has generated much interest among Singapore HR practitioners on the subject, as companies are increasingly compelled to tighten their belts in the current downturn. 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