Singapore's Retrenchment Level Climbs in Q1

MT Newswires06-16

Singapore's level of retrenchment increased to 3,830 or 1.6 per 1,000 employees in the first quarter ended March 31, from 3,690 or 1.5 per 1,000 employees recorded in the preceding quarter, according to data released by the Ministry of Manpower on Monday.

The retrenchments touched their highest level in almost three years since the third quarter of 2023, when 4,110 workers were retrenched, according to Bloomberg estimates. These were driven largely by restructuring or reorganization by companies.

"The increase in retrenchments was mainly in external-oriented sectors such as manufacturing, financial services, and professional services," the ministry said in its statement.

The data showed that the resident re-entry rate into employment within six months post-retrenchment improved for the second consecutive quarter to 60.7% in the January-March quarter from from 57.4% a quarter ago.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2643824587?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-16 08:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2643824587","market":"sg","top_or_hot":-1,"title":"Singapore's Retrenchment Level Climbs in Q1","media":"MT Newswires","content":"<html><body><p> Singapore's level of retrenchment increased to 3,830 or 1.6 per 1,000 employees in the first quarter ended March 31, from   3,690 or 1.5 per 1,000 employees recorded in the preceding quarter, according to data released by the Ministry of Manpower on Monday.</p><p>The retrenchments touched their highest level in almost three years since the third quarter of 2023, when 4,110 workers were retrenched, according to Bloomberg estimates. These were driven largely by restructuring or reorganization by companies.</p><p>\"The increase in retrenchments was mainly in external-oriented sectors such as manufacturing, financial services, and professional services,\" the ministry said in its statement.</p><p>The data showed that the resident re-entry rate into employment within six months post-retrenchment improved for the second consecutive quarter to 60.7% in the January-March quarter from from 57.4% a quarter ago.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's Retrenchment Level Climbs in Q1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's Retrenchment Level Climbs in Q1\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2026-06-16 08:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Singapore's level of retrenchment increased to 3,830 or 1.6 per 1,000 employees in the first quarter ended March 31, from   3,690 or 1.5 per 1,000 employees recorded in the preceding quarter, according to data released by the Ministry of Manpower on Monday.</p><p>The retrenchments touched their highest level in almost three years since the third quarter of 2023, when 4,110 workers were retrenched, according to Bloomberg estimates. These were driven largely by restructuring or reorganization by companies.</p><p>\"The increase in retrenchments was mainly in external-oriented sectors such as manufacturing, financial services, and professional services,\" the ministry said in its statement.</p><p>The data showed that the resident re-entry rate into employment within six months post-retrenchment improved for the second consecutive quarter to 60.7% in the January-March quarter from from 57.4% a quarter ago.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2643824587","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643824587","pubTimestamp":1781571228,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Singapore's level of retrenchment increased to 3,830 or 1.6 per 1,000 employees in the first quarter ended March 31, from   3,690 or 1.5 per 1,000 employees recorded in the preceding quarter, according to data released by the Ministry of Manpower on Monday.The retrenchments touched their highest level in almost three years since the third quarter of 2023, when 4,110 workers were retrenched, according to Bloomberg estimates. These were driven largely by restructuring or reorganization by companies.\"The increase in retrenchments was mainly in external-oriented sectors such as manufacturing, financial services, and professional services,\" the ministry said in its statement.The data showed that the resident re-entry rate into employment within six months post-retrenchment improved for the second consecutive quarter to 60.7% in the January-March quarter from from 57.4% a quarter ago.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数","ES3.SI":"STI ETF","G3B.SI":"Nikko AM STI ETF","GAB.SI":"Amova STI ETF S$A"},"translate_title":"新加坡第一季度裁员水平攀升","themeId":"b010cf239ffd4765bcd3edd8f767f746","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"G3B.SI":0.6,"STI.SI":0.9,"GAB.SI":0.6,"ES3.SI":0.6},"content_text":"Singapore's level of retrenchment increased to 3,830 or 1.6 per 1,000 employees in the first quarter ended March 31, from   3,690 or 1.5 per 1,000 employees recorded in the preceding quarter, according to data released by the Ministry of Manpower on Monday.The retrenchments touched their highest level in almost three years since the third quarter of 2023, when 4,110 workers were retrenched, according to Bloomberg estimates. These were driven largely by restructuring or reorganization by companies.\"The increase in retrenchments was mainly in external-oriented sectors such as manufacturing, financial services, and professional services,\" the ministry said in its statement.The data showed that the resident re-entry rate into employment within six months post-retrenchment improved for the second consecutive quarter to 60.7% in the January-March quarter from from 57.4% a quarter ago.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643824587","isCrawlerRequest":true}