Foreigners bore brunt in RWS’ retrenchment exercise; Singaporean core increased.

rws retrenchment singapore core ntuc

Foreigners bore the brunt of last month’s Resort World Sentosa’s retrenchment exercise. Think for a moment. If we have an all-Singaporean workforce, today, more Singaporeans would be jobless. Foreign workers have always acted as a buffer against local retrenchment in a recession. This was the case during the global financial crisis in 2009. Consequently, unemployment among […]