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Retrenchments in Singapore inch up in Q3 2026

Retrenchments edged up in the third quarter of 2026, continuing an upward trend as firms restructure, according to preliminary labour market data from the Ministry of Manpower (MOM) on Oct 30.

The Star MalaysiaThe Star2026-10-30 13:00查看原文 ↗

Business reorganisation continued to be the main driver of retrenchments, said the Manpower Ministry, with layoffs remaining elevated in selected outward-oriented sectors such as information and communications, financial services and manufacturing. -- ST PHOTO: LIM YAOHUI

SINGAPORE (The Straits Times/ANN): Retrenchments edged up in the third quarter of 2026, continuing an upward trend as firms restructure, according to preliminary labour market data from the Ministry of Manpower (MOM) on Oct 30.

There were 4,800 layoffs between July and September, up 3.9% from 4,620 in the previous quarter, the highest numbers since late 2020. The incidence of retrenchment held constant at 2.0 for every 1,000 employees.

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