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Singapore Business Federation urges firms to turn to retrenchment only as a last resort

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The Singapore Business Federation (SBF) has urged employers to protect the Singaporean core, retain talent to grow business opportunities, and to use retrenchment only as a last resort to manage manpower costs.

Singapore

THE Singapore Business Federation (SBF) has urged employers to protect the Singaporean core, retain talent to grow business opportunities, and to use retrenchment only as a last resort to manage manpower costs.

"We encourage companies to take a longer-term view of their...

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