SIA, Airbus And Now Boeing – Will S’pore’s Aviation Industry Continue To See Retrenchments?
With most of airlines' revenue streams being cut off, it is unlikely that the aviation sector will be able to return to its pre-Covid-19 performance
SPH Lays Off 140 Employees As Print Advertising Revenue Continues To Fall Amid COVID-19
SPH let go of over 140 workers as Covid-19 wreaked havoc on its advertising revenue. Further layoffs are unplanned, but dependent on economic conditions.
WeWork Heads Toward 4,000 Layoffs This Week – Are S’pore Staff Off The Hook?
Sources with knowledge of the matter expect between 4,000 to 6,000 layoffs worldwide, but WeWork Singapore says it's "business-as-usual" here.
NTUC To Set Up Pre-Retrenchment Taskforce: Help Workers Re-Skill Early, Find Jobs Faster
It aims to protect Singapore workers pre-emptively, so that they will have an easier time securing their next job placement when retrenchment hits.
HSBC To Axe Up To 10,000 Jobs, But Will Continue Hiring ‘Revenue-Generating’ Staff In Asia
High-paid roles will be most affected, and any job cuts implemented is "on top of 4,700 redundancies" that HSBC announced in August.
HP To Axe Up To 9,000 Jobs Worldwide, Restructuring Expected To Save US$1B By Fiscal 2022
HP just revealed that it has plans to cut 7,000 to 9,000 positions through firings and voluntary early retirement as a part of a 2020 restructuring plan.
IBM To Axe All S’pore Staff As It Shuts Down Its S$90M Tampines Plant In July 2019
IBM retrenches all of its Singapore staff at its Tampines facility by July 2019. The exercise began last year where about 200 staff were laid off.
Ofo Sacks Operations Team In S’pore Without Notice Or Compensation – Still Owes Vendors Over $700K
Ofo did not provide any reason for the termination, nor were the affected employees offered a one-month compensation they were due to receive.
SilkAir To Retrench About 100 Staff Over Next 20 Months As Part Of Pending Merger With SIA
Those affected are based in Indonesia, India, China, Thailand, Malaysia, Laos and Myanmar.
StarHub Lays Off 300 Staff – Claims Its Retrenchment Package Is “More Generous” Than Market Standard
Dismissed full-time and contract workers were from the information systems, engineering, marketing and commercial, and consumer departments.
[Infographics] Retrenchment in Singapore And What You Should Do If You’ve Been Let Go
We have to acknowledge the elephant in the room. Getting laid off is not pretty, but here's how to protect your retrenchment benefits and future.
