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Singapore Retrenchments Hit Highest Level Since the Pandemic

Bloomberg Markets Friday 31 July 2026, 05:15 UTC By Srinidhi Ragavendran 1 min read
Key Points

Singapore Retrenchments Hit Highest Level Since the Pandemic Singapore’s retrenchments last quarter climbed to the highest since the pandemic, as some overseas-facing industries restructured. Layoffs hit 4,500 in April-June, more than 17% from the previous quarter, according to Ministry of Manpower’s advance data released Friday. That’s the most since the fourth quarter of 2020, when 5,640 workers were retrenched.

Singapore Retrenchments Hit Highest Level Since the Pandemic Singapore’s retrenchments last quarter climbed to the highest since the pandemic, as some overseas-facing industries restructured. Layoffs hit 4,500 in April-June, more than 17% from the previous quarter, according to Ministry of Manpower’s advance data released Friday. That’s the most since the fourth quarter of 2020, when 5,640 workers were retrenched.
Singapore (LOCATION) Ministry of Manpower’s (ORG)
Originally published by Bloomberg Markets Read original →

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