Retrenchment figures increased by 80% last year
Retrenchment figures increased by 80% last year by 20210506 T&T’s retrenchment figures increased by 80 per cent last year, when compared to 2019, data from the Central Bank has shown. But the reality is the situation can be much worse than that. “Data on retrenchment notices filed at the Ministry of Labour showed that 2,744 persons were retrenched during 2020, much higher than the 1,528 persons retrenched during the previous year,” the Central Bank stated in its annual economic survey for 2020.