Do I need to notify MOM if I implement cost-saving measures?

Updated by MOM 11mo ago

With effect from 1 August 2022, MOM has ceased the cost-saving notification requirement.

Employers who wish to implement cost-saving measures should refer to the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment, and engage unions and employees before implementing such measures.

This information is sourced from MOM.

Topics:

Employment practices Salary

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