'Loyalty has become a liability': Singaporeans react to rising retrenchments
Source: The Independent
Published on: 2026-06-11 18:06
SINGAPORE: Singaporeans already grappling with rising living costs and persistent inflationary pressures are voicing fresh anxieties over job security after new figures showed retrenchments have more than doubled in just three years. Despite low unemployment and continued employment growth, the number of workers being retrenched has climbed sharply. Retrenchments rose from 6,440 in 2022 to 13,020 in 2024 before increasing further to 14,490 in 2025. The trend has prompted concern among workers, particularly professionals, managers and executives (PMEs), as industries undergo restructuring, companies seek cost savings, and artificial intelligence begins reshaping workplaces. The National Trades Union Congress (NTUC) said last week it has observed an increase in retrenchment cases linked to business restructuring and reported that more white-collar workers are turning to unions and trade...
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