Retrenchments in 2023 more than doubled compared to 2022: MOM

Retrenchments more than doubled in 2023 compared to the year before. But it is not all doom and gloom. The total number of people employed went up for the ninth consecutive quarter at the end of 2023. Unemployment also remained stable. This is according to the Manpower Ministry's advance labour report. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia