Do I need to notify MOM if I implement cost-saving measures?
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
Related questions
If an employer informs that there will be a retrenchment exercise, but has not yet identified specific employees, does the employer need to notify MOM?
Why is MOM changing the requirements for mandatory retrenchment notification?
What should I do if I did not receive retrenchment benefit from my company?
If I increase a Work Permit holder's salary or monthly allowance, or reduce their food and housing deductions, do I need to report these changes to MOM?
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