Retrenchments: Companies can afford more caution and compassion

Where layoffs are unavoidable, the impact on employees needs to be managed better.

It is crucial to recognise the need for a more compassionate approach towards retrenchments. PHOTO: ST FILE
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News of retrenchments, layoffs and golden handshakes is becoming all too familiar, leading many to become gradually desensitised to such distressing reports.

However, it is crucial to recognise the need for a more compassionate approach towards retrenchments.

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