Retrenchment
Retrenchment
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In challenging times, some companies may turn to cost-cutting measures. But companies should prioritise retraining and redeployment of employees when possible. Retrenchment should always be a last resort and executed responsibly, in line with the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment go.gov.sg/responsibleretrenchment Find out more on how to carry out retrenchment responsibly in this video. | Singapore Ministry of Manpower
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