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Singapore's retrenchment rate at highest level since 2020 in Q2 this year, ministry says

SINGAPORE: Singapore's retrenchment rate in the second quarter of 2026 hit its highest level since the height of the COVID pandemic in late 2020, driven by business reorganisation and restructuring, the manpower ministry said on Monday.

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新加坡劳工部表示,今年第二季度新加坡的裁员率达到2020年以来的最高水平。

Shoppers and pedestrians wait to cross a road on Orchard Road. – Bloomberg

SINGAPORE: Singapore's retrenchment rate in the second quarter of 2026 hit its highest level since the height of the COVID pandemic in late 2020, driven by business reorganisation and restructuring, the manpower ministry said on Monday.

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