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22/122020
singapore retrenchment news 2020

Automotive    Wellness The Singapore Democratic Party (SDP) launched its General Elections (GE) campaign on 28 April 2020.    Luxury, Fashion & Retail UK    Food & Beverage Regulatory    Civil Law Investigations    Aircraft Finance 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.    Communications Employers whose businesses are adversely affected are encouraged to work together with the union (if applicable) or their employees to renegotiate for a fair retrenchment benefit which corresponds with the employees' years of service. Autonomous Driving The MOM has restated that retrenchment should always be considered as a last resort when managing manpower costs.    Competition & Regulatory Investigations The Straits Times/Asia News Network / 01:36 PM September 15, 2020 Retrenched Singapore Airlines staff have been told that they will continue to receive their salaries until Dec 15, 2020…    Corporate Tax    Data Protection Officer Services They also offered recommendations on managing excess manpower. Indonesia 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.    Competition Toolkit Video Demos Covid-19. Finance & Financial Regulation Franchising Restructuring and Insolvency    Renewables A summary of the updates is as follows: Maintaining a Singaporean core Commercial    Satellite and Space activities Following the update to the travel restrictions imposed and travel advisories issued by the Ministry of Health of Singapore ("MOH") in light of the COVID-19 outbreak, the Ministry of Manpower of Singapore ("MOM") had on 16 March 2020 issued advisories on (a) employee travel to and from affected COVID-19 areas; and (b) non-essential travel …    Transfer Pricing Hungary India Singapore updated the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment in view of the evolving COVID-19 situation. Intellectual Property This translates to 112,500 unemployed residents in September, of which 97,700 were among citizens.    Consumer Law    International Education 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.    White Collar Crime Investigations    Capital Markets HDT Singapore Shuts Electric-Taxi Business Due To Covid-19 Impact. Russia and the CIS Dispute Resolution Bird & Bird Plus Payment Services Covid-19: S'pore could see 150,000 to 200,000 retrenchments, negative GDP growth of 6%.    Employment Life Sciences ... M1 retrenched 50 Singapore employees in February 2020, according to an official statement. Please contact our lawyers if you have any specific queries. Cybersecurity The tripartite partners, including the Ministry of Manpower (MOM), acknowledged that some employers have started to implement cost-saving measures to tide over the uncertain economy. Practice Area Australia VERIFICATION EMAIL. Advisory for Employers on Employee Travel. Please confirm for access to all your SPH accounts. Unmanned Aerial Systems, Location    Energy Digitalisation A summary of the updates is as follows: Maintaining a Singaporean core Defence & Security    Devices and Components 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. Coronavirus (COVID-19) KEPPEL Corporation launched a new two-year programme under its partnership with the China Foundation for Poverty... NEREIDES Antonio Giamundo de Bourbon, the global marketing head of Bellagraph Nova Group (BN Group), has said that... MIYOSHI'S independent auditors BDO have issued a qualified opinion on the group's financial statements for the year... [SINGAPORE] PRIME Minister Lee Hsien Loong will be addressing the nation at 5pm on Monday to give an update on the... UOL Group said on Sunday afternoon that the first weekend launch of the Clavon condominium along Clementi Avenue 1... By signing up, you agree to our Privacy Policy and Terms and Conditions. We will continue to monitor the situation and provide updates on any changes as soon as these are communicated to us. This involves taking into account the following non-exhaustive factors when conducting a retrenchment exer…    EU Trade Defence    Games Product compliance and liability Lifestyle.    Customs Transact. Outsourcing Digital Rights & Assets Infrastructure Australia's Notifiable Data Breach Scheme 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). Singapore: Ministry of Manpower updates advisory on responsible retrenchment. FinTech    Food & Beverage Tech Transactions Lastly, employers are encouraged to support their retrenched employees in gaining new employment through business networks or by utilising the Workforce Singapore Employment and Employability Institute platforms. General Data Protection Regulation Czech Republic The EU Trade Mark Reform - The biggest change to trade mark law for 20 years Follow the latest news and comprehensive coverage on RETRENCHMENT at CNA    Copyright & related rights SINGAPORE: Singapore's overall unemployment rate rose in the second quarter to its highest level in more than a decade, as retrenchments more …    Private Equity    EU & UK Representative Services 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. Retrenchment due to restructuring. Spain    Forensic Services This is in view of the support measures provided by the government including training grants and wage support such as the Jobs Support Scheme.    Airlines    Energy Network and Transmission    Construction and engineering the Ministry of Manpower ("MOM"), the Singapore … Investigations premium content on your favourite platforms, Keppel contributes to uplifting rural communities in Yunnan, BN Group global marketing head denies hacking Novu Aesthetics' Instagram account, Miyoshi gets qualified opinion from auditors on FY2020 financial statements, PM Lee to address nation on Singapore's Covid-19 situation at 5pm on Monday, UOL sells about 70% of Clavon's 640 units at average price of S$1,640 psf, Oil rises from the ashes as the big coronavirus recovery trade, Malaysia's Top Glove fired whistleblower before virus outbreak, Yet another twist in Singapore's Loh cousins saga. 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