Retrenchments rose slightly in Q3 2025 due to restructuring
Retrenchments in Singapore rose slightly in the third quarter, according to the Manpower Ministry's latest report. It says these were largely due to firms restructuring in order to stay competitive amid economic uncertainty, rather than recession or poor business. Analysts warn that more could come, as companies continue adjusting to a tougher global environment. Caitlin Ng filed this report. We also spoke with Associate Professor Ong Ee Cheng from the National University of Singapore for more analysis.
Retrenchments in Singapore rose slightly in the third quarter, according to the Manpower Ministry's latest report. It says these were largely due to firms restructuring in order to stay competitive amid economic uncertainty, rather than recession or poor business. Analysts warn that more could come, as companies continue adjusting to a tougher global environment. Caitlin Ng filed this report. We also spoke with Associate Professor Ong Ee Cheng from the National University of Singapore for more analysis.
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