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A day after the National Wages Council issued fresh guidelines on pay, tripartite partners followed up with an updated framework for retrenchments signalling that the job situation ahead remains grim.
Employers must ensure objective criteria, such as ability, experience and skills, are used should they need to retrench workers. They should also lean towards retaining Singaporeans, while recognising the importance of permanent residents in their workforce.
“The tripartite advisory on managing excess manpower and responsible retrenchment calls on employers to lean in favour of Singapore citizens,” said a Ministry of Manpower (MOM) spokesman.
“It also recognises the importance of allowing employers to retain capable PRs as part of their local workforce. The primary considerations are the merit and skills of the individuals and how they help to keep the business viable.”
The advisory was previously updated in March to lay out options employers have besides retrenchment, such as training or “time banking” unused working hours to be repaid when business picks up.
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