Are workers just numbers? Here’s what happens behind closed doors when companies retrench

*Names had been modified

SINGAPORE: She had performed smartly at work and became promised an increment, yet Grace Gumala, 35, did now not spoil out retrenchment last July.

She became among the many 14,320 of us in Singapore who had been retrenched last year, more than double the quantity in 2022, based mostly completely on Ministry of Manpower (MOM) estimates launched in January.

This comes amid a high passion-rate atmosphere riding up borrowing payments, in addition to rising provide-chain payments.

Whereas retrenchments are considered as comparable outdated enterprise wants, tales like Gumala’s in addition to experiences of unprofessional remedy non-public precipitated ache.

Lazada figured prominently on this when the China-backed skills company’s unexpected retrenchment sing this year, and unfortunate compensation to affected employees, led the Nationwide Trades Union Congress (NTUC) and its affiliated Meals, Drinks and Allied Workers Union to step in.