According to the ministry's labour market report, terminations climbed to 4,800 during the July-September quarter of 2026. (File Photo)
\n\nSingapore saw a fresh increase in employee retrenchments during the July-September quarter of 2026, with layoffs reaching their highest level in nearly six years. Business reorganisations contributed to the rise, according to the Ministry of Manpower (MOM). The city-state recorded 4,800 retrenchments in the third quarter, compared with 4,620 in the April-June period. The latest figure marks the highest number of job cuts since the October-December quarter of 2020, when 5,640 employees lost their jobs amid the Covid-19 pandemic.
\n\nThe increase comes even as Singapore's employment market continues to expand. However, the ministry has flagged emerging signs of weakness, particularly in sectors exposed to international markets, and noted a rise in the proportion of businesses considering workforce reductions.
\n\nThe latest labour market report released by the Ministry of Manpower on Friday showed that retrenchments have continued to remain elevated, particularly across outward-oriented industries.
\n\nThe 4,800 job cuts recorded between July and September represent an increase of 180 from the previous quarter. The development highlights the growing pressure on certain parts of Singapore's labour market as companies undertake organisational changes.
\n\nRetrenchments had…
Original source: https://www.timesnownews.com/business-economy
