Retrenchment is a process where companies let their employees go because of redundancy or the company’s inability to keep their staff because of financial challenges. Retrenchment happens every day in the modern world, and it has increased its rates recently due to the Covid-19 pandemic. Retrenchment does not only happen to people around you; it might happen to you too. It would be great to sit down and think about what would happen to your loved ones if you lost
The coronavirus pandemic has upended the lives of many families and caused a loss of jobs. To help retrenched workers and jobseekers, GovTech collaborated with Workforce Singapore (‘WSG’), e2i, TADM, TAFEP and SkillsFuture Singapore (‘SSG’) to develop new modules on the LifeSG App (rebranded from Moments of Life). These employment support modules take a user-centric approach to show relevant information in a bite-sized manner that is easy to understand for the everyday man on the street. It informs target audience
Singapore is in its worst recession since her independence and retrenchment figures are climbing up. For those who are retrenched, initial negativity and shock inevitably surface. Here is how you can manage the emotional impact to ensure that you can stay in the game, and hopefully land a job that is just around the corner. Keep Your Spirits Up A gamut of emotions often accompanies a retrenchment; ranging from shock and denial to the final stage of acceptance and relief.