Distribution of Local Employees Retrenchment Benefits from 2023 to 2025

46 Mr Patrick Tay Teck Guan asked the Minister for Manpower for each year from 2023 to 2025, (a) how many eligible local employees received retrenchment benefits; (b) of these, how many received retrenchment benefits equivalent to two weeks to one month's salary for each year of service; and (c) if such data is not available, whether the Ministry will conduct a survey on retrenchment benefits.

Dr Tan See Leng: Based on Mandatory Retrenchment Notification (MRN) data submitted by companies with 10 or more employees, around nine in 10 eligible employees received retrenchment benefits from 2020 to 2025. Among them, around eight in 10 received retrenchment benefits of at least two weeks' salary per year of service, in line with the norms stated in the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment.