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Retrenchment in Recession-hit Singapore

Posted in Business, General by MZaidee

Singapore

Tens of thousands of Malaysian workers from the services and manufacturing sectors in Singapore will be retrenched when employers, hit by the recession, start downsizing in the island republic.

Though the recession has not translated to retrenchment, 300,000 Malaysian workers in Singapore are starting to feel jittery over the prospect of losing their jobs if the country’s economy takes a turn for the worse.

For many Malaysians working in Singapore, the main concern is how to continue supporting their families if they are retrenched. Some said they were willing to take a pay cut and return to Malaysia. Others were even prepared take up two jobs back home to supplement their income.

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Comments:

One Response to “Retrenchment in Recession-hit Singapore”


  1. Now Japan is officially in recession. Citigroup feel the heat and 50000 people will be affected.

    So it is about time to find an alternative.

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