Firms to notify MOM of any retrenchment
23/09/2021
New requirement!!!
With effect 1 Nov 2021, firms with at least 10 employees will have to notify the Ministry of Manpower (MOM) each time they retrench any staff.
Companies can notify MOM of retrenchments via its website by submitting information including the size of the workforce before retrenchment and the details of the affected worker, such as job title. The process takes about 10 minutes to be completed.
Penalties of up to $2,000 can be imposed on employers who do not comply with this regulation
Firms with at least 10 staff have to notify MOM of any retrenchment
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