As the COVID-19 situation stabilises, MOM has reviewed the need for the following temporary measures that were originally implemented to deal with disruptions to business operations:
a. In March 2020, MOM introduced a requirement for employers with more than 10 employees to notify MOM if they implement any cost-saving measures that affected employees’ monthly salaries. The number of employers submitting new cost-saving notifications has decreased significantly to a monthly average of 8 in 1Q 2022, from the peak of 1,713 employers at the start of the Circuit Breaker in April 2020.
b. In May 2020, MOM issued an Advisory on Retrenchment Benefit Payable to Retrenched Employees as a Result of Business Difficulties due to COVID-19 ("Advisory"). This provided employers more flexibility on retrenchment benefit payments in view of the difficult economic conditions then. The number of cases of employees seeking assistance on retrenchment benefits has since declined to a monthly average of 8 cases in 1Q 2022, compared to its peak of 198 cases in August 2020.
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