Job seekers in Singapore are seeing signed employment contracts rescinded as businesses cut back on hiring during the pandemic-triggered recession, recruiters say.

There was a spike in cases of companies canceling job offers in late March and early April, said Rob Bryson, managing director of recruitment agency Robert Walters Singapore. Unlike the global financial crisis, when most jobs affected by the downturn were in banking, industries now taking a knock include retail and aerospace, according to Nilay Khandelwal, managing director at Michael Page Singapore.

There are no hard figures to show how widespread the practice is, but the comments reflect uncertainty about business prospects as the city-state endures its worst recession on record.

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