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That a large company like Lazada did not consult its workers’ union before sudden layoffs highlights both the limits and continued importance of Singapore’s unique tripartism approach, says the Lee Kuan Yew School of Public Policy’s Terence Ho.
Firms should consider that layoffs impact their reputation and employee value proposition, both of which would affect the company's future, one expert says.
Retrenched Lazada employees are bound by a 12-month non-compete clause covering an extensive list of tech, retail and logistics companies.
Lazada is reportedly undergoing significant lay-offs.
Both parties have agreed to work closely together to put workers’ interests at the forefront of negotiations.