Over 4,700 workers will be retrenched

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At least 4,749 workers, mostly from the electronics sector, will be retrenched by 137 employers in the next three months.

Under the Employment (Termination And Lay-off Benefits) Regulations, workers would be compensated a part of their salary for each year of service.

For workers who have been with a company for two years or less, compensation would be 10 days of salary per year of work. For those who clocked in between two and five years, it would be 15 days of salary per year and for those above five years, 20 days.

Any employer intending to retrench, lay off, offer voluntary separation schemes or reduce salaries would have to inform the human resources ministry 30 days before such action is taken.

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