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Employers with at least 10 staff must notify MOM of all retrenchments from Nov 1
With the change, employers no longer need to track cumulative retrenchments over a six-month period.
"We want to help workers who may be retrenched - to intervene earlier, to help them pivot to a new job, to provide career counselling," said Senior Minister of State for Manpower Koh Poh Koon.
