Singapore

Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment

In view of the highly volatile global economy, the tripartite partners–the Ministry of Manpower (MOM), the National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF)–urge companies to be prudent in managing excess manpower and exercise responsible retrenchment when adjusting to changes in their operating environment. However, retrenchment should only be considered when companies have exhausted all other options.

Hear from Yvonne Tang, Senior Manager of Advisory Division, as she shares more about managing excess manpower and responsible retrenchment in this video.