Retrenchment benefits are not fixed by law in Singapore, but the Ministry of Manpower's advisory norm is between 2 weeks and 1 month of salary for every year of service, with 1 month per year being standard in unionised companies. The actual amount depends on what your employment contract or collective agreement specifies, or what is negotiated at the time of retrenchment. If your employer offers less than the norm and your contract is silent on the matter, you can negotiate, including with union or legal support.
Quick Question
How Much Retrenchment Benefit Am I Entitled To?
The short answer
Quick answer
Retrenchment benefits are not fixed by law in Singapore, but the Ministry of Manpower's advisory norm is between 2 weeks and 1 month of salary for every year of service, with 1 month per year being standard in unionised companies.
General information only. This answer does not constitute legal advice. The appropriate response depends on the facts and circumstances of each matter.