Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment

Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment

Singapore Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment The Singapore economy is highly exposed to global trends and companies often find that they have to restructure to stay competitive. As businesses adjust, they should consider alternative ways of managing their excess manpower such as upskilling employees and redesigning jobs. However, if retrenchment is…