Singapore retrenchment rates hit highest level since pandemic

Singapore’s retrenchment rate in the second quarter of 2026 hit its highest level since the height of the Covid-19 pandemic in late 2020, driven by business reorganisation and restructuring, the manpower ministry said on Monday. There were 4,620 retrenchments in the second quarter of this year, up from the 3,830 retrenchments posted in the first quarter of the year, the ministry said in its labour market report for the period. It is the highest since the 5,640 retrenchments recorded in the...