New Requirement on Mandatory Retrenchment Notifications From 1 January 2017
A new requirement on mandatory retrenchment notifications will take effect from 1 January 2017. The tripartite partners have issued an advisory to guide employers on complying with this requirement.
Under the Workforce Singapore Agency Act, employers will need to notify the Ministry of Manpower (MOM) of retrenchments within 5 working days after they provide notice of retrenchment to affected employees, if 5 or more employees are retrenched within a 6-month period beginning 1 January 2017. Failure to notify within the required timeline is an offence and may be liable on conviction to penalties, including a fine not exceeding $5,000.