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ARTICLE · 25 AUGUST 2023

Responsible Retrenchment In A Changing Landscape

PD Legal
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As the markets shift around us and ways of working evolve, companies must adapt. An unfortunate consequence could be that, in order to remain competitive...

SingaporeEmployment and HR
Peter Doraisamy
Peter Doraisamy
Cathryn Neo
Cathryn Neo
Vincent Lee
Vincent Lee

Responsible Retrenchment In A Changing Landscape

Key Takeaways:

  • The Ministry of Manpower (MOM) issued an advisory on responsible retrenchment
  • Specific rules around pregnant or older employees, or directors
  • Description of the notice periods necessary depending on length of service
  • Retrenchment benefits and entitlements
  • Parties should consider drafting a separation and release agreement

As the markets shift around us and ways of working evolve, companies must adapt. An unfortunate consequence could be that, in order to remain competitive, it is necessary for some companies to make reductions to the company's workforce. No company is exempt as even titans of the tech industry have engaged in multiple layoffs. It's important, therefore, to be aware of the law surrounding retrenchment in Singapore.

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