The Malaysian Insider, 4 Mar 2009
SINGAPORE, March 4 – More than 10,000 workers are expected to be retrenched in the first three months of this year – a number equal to layoffs in an entire year when the economy is booming.
Labour chief Lim Swee Say gave this advance estimate yesterday, ahead of official figures from the Manpower Ministry, which will come out only in late April. The number is an increase from 7,000 layoffs in the previous quarter.
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