The Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment (“Advisory“) was updated by tripartite partners (comprising the Ministry of Manpower (“MOM“), the National Trade Union Congress and the Singapore National Employers Federation) partners on 17 October 2020. The Advisory, which provided further guidance on the conduct of retrenchment exercises in Singapore was last updated in March 2020, and introduced a list of cost-saving measures that employers should consider and adopt as an alternative to retrenchment. A summary of those measures are set out in our earlier article published on 5 May 2020.
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