Economic Development Board and ONE Championship Respond to Retrenchment Impact

Friday, 18 October 2024, 03:51

Retrenchment has prompted the Economic Development Board (EDB) to connect with ONE Championship regarding employee support. Following layoffs on October 16, the EDB aims to facilitate aid for those impacted. The collaboration focuses on fostering economic stability in the wake of workforce reductions.
Channelnewsasia
Economic Development Board and ONE Championship Respond to Retrenchment Impact

Understanding the Retrenchment Scenario

In light of recent retrenchment actions, the Economic Development Board (EDB) has proactively reached out to ONE Championship to address the challenges faced by affected employees. This collaboration aims to provide necessary support during this difficult period.

EDB's Role in Workforce Transition

The EDB is committed to enhancing economic prospects for workers impacted by layoffs. By liaising with organizations like ONE Championship, the board is focused on creating pathways for new opportunities and aid.

Importance of Community Support

  • Timely assistance for impacted employees
  • Partnerships between government and private sectors
  • Fostering a resilient workforce

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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