Social Digital Rights & Assets Hungary Startup; Digital News . Mobile Health Australia Lifestyle.    Unmanned Aircraft Systems    Civil Law Investigations FinTech    Nuclear Denmark Defence & Security Follow the latest news on retrenchment at TODAYonline.    Trade Regulatory The retrenchment exercise - which affects about 2,400 staff - is being conducted at the SIA Training Centre, near Changi Airport, for Singapore-based staff. Spain Malaysia Regulatory & Public Affairs 1. Real Estate Intellectual Property    Energy Digitalisation CALL +65 6388 3838 EMAIL btocs@sph.com.sg, OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM, For daily updates on weekdays and specially selected content for the weekend. Advisory for Employers on Employee Travel. Employers must put in place and enforce Safe Management Measures at the workplace and checks will be conducted by the relevant authorities. This involves taking into account the following non-exhaustive factors when conducting a retrenchment exer…    Venture Capital    Patents Luxembourg Covid-19: S'pore could see 150,000 to 200,000 retrenchments, negative GDP growth of 6%. Recognizing that retrenchments may now be inevitable for businesses continuing to be negatively affected by COVID-19, the Ministry of Manpower (MOM), the National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF) (collectively, the Tripartite Partners) have … In Focus    Trade Secrets    Customs Summary Table: Retrenchment Retrenchment refers to the termination of permanent employees due to redundancy and early termination of term contract employees due to redundancy. Please contact our lawyers if you have any specific queries.    Games Outsourcing Compared to SARS, where there were only 5,510 retrenchments, Covid-19 has proven itself deadlier to Singapore’s economy.    Data Centres This translates to 112,500 unemployed residents in September, of which 97,700 were among citizens.    Devices and Components General Data Protection Regulation Corporate United Arab Emirates We will continue to monitor the situation and provide updates on any changes as soon as these are communicated to us.    Corporate Tax    Gambling    EU Trade Defence    Postal A summary of the updates is as follows: Maintaining a Singaporean core Copyright Directive France KEPPEL Corporation launched a new two-year programme under its partnership with the China Foundation for Poverty... NEREIDES Antonio Giamundo de Bourbon, the global marketing head of Bellagraph Nova Group (BN Group), has said that... MIYOSHI'S independent auditors BDO have issued a qualified opinion on the group's financial statements for the year... [SINGAPORE] PRIME Minister Lee Hsien Loong will be addressing the nation at 5pm on Monday to give an update on the... UOL Group said on Sunday afternoon that the first weekend launch of the Clavon condominium along Clementi Avenue 1... By signing up, you agree to our Privacy Policy and Terms and Conditions.    Energy Management Singapore October 21 2020 Given the uncertain economy outlook, in May 2020, the tripartite partners i.e. The Tripartite Partners have yet again updated the Advisory on 17 October 2020 ("Updated Advisory") to emphasise key desired outcomes in any retrenchment exercise, in light of retrenchments being inevitable for some employers despite available government grants and support.    Aircraft Finance Guide to IP rights in the UK Please note that the information in this article is accurate as at 20 May 2020. Check out top news from Singapore and around the world. The Tripartite Partners have yet again updated the Advisory on 17 October 2020 (“Updated Advisory“) to emphasise key desired outcomes in any retrenchment exercise, in light of retrenchments being inevitable for some employers despite available government grants and support. Employers who are in a sound financial position should continue to pay retrenchment benefits in accordance with their existing employment contracts, collective agreements, memoranda of understanding, or the prevailing norm for retrenchment benefit (between 2 weeks and 1 month salary per year of service for employees with 2 years' of service or more),  in accordance to the Tripartite Advisory. Latin America Financial Services Aviation & Aerospace Cloud Computing India    Mergers & Acquisitions On top of that, Singapore's Q1 2020 Net Employment Outlook, which represents the difference in the percentage of employers expecting to increase and decrease, is … Commercial This article is produced by our Singapore office, Bird & Bird ATMD LLP, and does not constitute legal advice.    Data Protection Officer Services Retrenchment doubled in Singapore in the last three months The number of employees placed on shorter work weeks or temporary layoffs rose to an unprecedented high of 81,720 in the second quarter, as firms battled fallout from the Covid-19 pandemic. Singapore: Ministry of Manpower updates advisory on responsible retrenchment. Outlook, in May 2020 the uncertain economy outlook, in May,... Half of 2020 hit 11,350, exceeding initial estimations, said the Ministry of manpower including training grants wage! 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