Retrenched in Singapore — How to Deal with the Emotions June 14, 2019
According to a recent Straits Times article, retrenchments in Singapore rose in the first quarter of 2019. The number of retrenched employees was 3,230 and higher than a year ago. The retrenched employees were mainly from electronics, services industries, wholesale trade, transportation and storage. And the main reasons cited by establishments for retrenchments were restructuring and reorganisation. It added that among retrenched residents, professionals, managers, executives and technicians (PMETs) continued to make up the majority at 69 per cent.
How do employees deal with retrenchment? How do they move on after retrenchment?
(Picture credit: fin24.com)
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