Singapore’s retrenchment and unemployment rates could worsen, analysts say. Photo: AFP Singapore’s retrenchment and unemployment rates could worsen, analysts say. Photo: AFP
Singapore’s retrenchment and unemployment rates could worsen, analysts say. Photo: AFP
Singapore

Coronavirus: Singapore’s Q2 retrenchments spike, surpassing Sars levels

  • The city state recorded 6,700 lay-offs in the second quarter, higher than during the 2003 Sars epidemic but lower than the 12,760 seen during the 2009 Global Financial Crisis
  • Analysts say the figures may worsen as government subsidies for businesses expire

Topic |   Singapore
Singapore’s retrenchment and unemployment rates could worsen, analysts say. Photo: AFP Singapore’s retrenchment and unemployment rates could worsen, analysts say. Photo: AFP
Singapore’s retrenchment and unemployment rates could worsen, analysts say. Photo: AFP
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