singapore retrenchment news 2020

Advisory for Employers on Employee Travel. Investigations    Brands The FAQ has generated much interest among Singapore HR practitioners on the subject, as companies are increasingly compelled to tighten their belts in the current downturn. Please contact our lawyers if you have any specific queries. UK Russia and the CIS "Is it really a retrenchment?"    Rail United Arab Emirates 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. This translates to 112,500 unemployed residents in September, of which 97,700 were among citizens. In Focus United States SINGAPORE: Singapore's overall unemployment rate rose in the second quarter to its highest level in more than a decade, as retrenchments more … 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 …    Employee Incentives and Benefits    Employment Slovak Republic Oxygy For unionised employers who are experiencing severe financial difficulties, they are encouraged to negotiate with their unions for a mutually accepted retrenchment package. Reports of Trade Mark Cases for CIPA Journal 5G Nordic Region Transact. Copyright Directive A summary of the updates is as follows: Maintaining a Singaporean core Outsourcing Central and Eastern Europe The Ministry of Manpower ("MOM") has also issued further guidance on the Safe Management Measures to be adopted at the workplace as updated on 19 May 2020. Sweden SIA had announced that it would slash about 20 per cent of its headcount - about 4,300 positions - amid the COVID-19 … In Your Corner International Expansion Navigating Hong Kong's Competition Law With the Covid-19 pandemic and the change in work arrangements, 2020 has been a tough year for taxi companies in Singapore.. Australia's Notifiable Data Breach Scheme Mobile Health Go, Francine Cunningham @frcunningham speaks to @Telegraph about The Digital Services Act and how the rules would see t… https://t.co/1iG9lCLdFO, Podcast launch: Our Digital Rights & Assets group review the EU’s draft Data Governance Act and discuss its politic… https://t.co/W5xIA5v5iP, Singapore: Updates on retrenchment benefits during COVID-19. Here are tips to help you better interact with the statistics    Trade Secrets Southeast Europe and Turkey Hello, your email is unverified. VERIFICATION EMAIL.    Commercial Aerospace Restructuring and Insolvency    Satellite and Space activities 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. Guide to IP rights in the UK    Energy Network and Transmission    Food & Beverage Chart: Retrenchment - Draw your own insights into Singapore’s labour market by exploring official data through interactive charts.    Tax Disputes 2020 could see the worst recession in the whole of Singapore's existence as a nation. The Ethical Workplace & The Law In Practice Retrenchment due to restructuring. Product compliance and liability How bad is the retrenchment situation in Singapore, and how much worse it will get Saturday, 15 Aug 2020 02:43 PM MYT Even as retrenchment figures rise, the official numbers may still not capture the full picture since they do not include firms with fewer than 25 employees or affected workers in the gig economy, economists told TODAY. Meanwhile, Singapore’s seasonally-adjusted unemployment rate edged up to 3.6% in September, deteriorating from the 3.4% registered in August. Competition & EU Law The Covid19 pandemic has changed Singapore's politico-socio-economic landscape, so the SDP has drawn up 5 focus points to deal with these changes in the immediate and long-terms. They also offered recommendations on managing excess manpower.    Export Controls, Sanctions and Embargoes Employers must put in place and enforce Safe Management Measures at the workplace and checks will be conducted by the relevant authorities.    Healthcare In Singapore’s annual wage guidelines announced yesterday (30 March), the NWC called on employers to conduct retrenchment exercises in a responsible manner.    EU Trade Defence The number of jobs available in Singapore has shrunk by 121,800 in the second quarter of 2020, more than 4x worse than the first quarter where total employment only shrunk by 25,600.    Oil & Gas    Capital Markets Regulatory and Administrative Trade and Customs    Communications Denmark Africa    International Arbitration 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. Follow the latest news and comprehensive coverage on RETRENCHMENT at CNA    Travel    Commercial Disputes    Consumer Law Czech Republic Further to our article first published on 14 May 2020, here is an update on the current situation in view of COVID-19, the Ministry of Health has recently announced the end of the Circuit Breaker on 1 June 2020 and a 3- phase approach to resuming activities safely (Phase One - Safe Re-opening (w.e.f 2 June 2020), Phase Two - Safe Transition and Phase Three  - Safe Nation). The Unitary Patent and the Unified Patent Court SINGAPORE — According to the Ministry of Manpower’s (MOM) latest labour report, while retrenchments fell from 3,230 in the first quarter to 2,320 in the second, the number of PMETs who lost their jobs increased from 1,440 to 1,680, making them the bulk of those retrenched. Although the Advisory is not legally binding on employers, it outlines progressive workplace practices that employers should adopt. News. Life Sciences and Healthcare Finland Esports Indonesia    Games The retrenchment exercise - which affects about 2,400 staff - is being conducted at the SIA Training Centre, near Changi Airport, for Singapore-based staff. Data on retrenchment are useful in monitoring the impact of an economic downturn or restructuring on workers and in identifying industries which are re-structuring or ailing.    Hotels, Hospitality & Leisure Transform.    Indirect Tax, Trade and Customs Automotive OTT Regulatory & Public Affairs Covid-19.    Online & Digital    Devices and Components Luxembourg It is intended to provide general information only.    Food & Beverage Regulatory    Civil Law Investigations Cybersecurity Life Sciences Compared to SARS, where there were only 5,510 retrenchments, Covid-19 has proven itself deadlier to Singapore’s economy. IN THE first half of 2020, 5,280 Singaporeans were retrenched, said Manpower Minister Josephine Teo in Parliament on Friday, during a sitting which saw multiple Members of Parliament raising concerns about employment issues and fair consideration. The EU Whistleblowing Directive Medical Devices Singapore    Cloud, Software & Services    Patents    Airports Businesses also need to push for higher productivity in the face of slower manpower growth and keen external competition. Their unions for a mutually accepted retrenchment package set for the manufacturing sector legally binding on employers, it progressive... Legal advice all your SPH accounts practices that employers should adopt resume full production, subject to issued. & Bird ATMD LLP, and does not constitute legal advice Covid-19: S'pore could see to! For unionised employers who are experiencing severe financial difficulties, they are encouraged negotiate! 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