Jobs Credit Scheme which was introduced in the last Budget was aimed at preventing retrenchment.
Unfortunately, since its announcement, companies that still opt for retrenchment includes:
Panasonic, 18th March 2009
Delphi Automative, 15th March 2009
StatsChip, 11th Feb 2009
Deutsche, 7th Feb 2009
Chartered Semi-conductor, 30th Jan 2009
and, possible to retrench; Nokia
What I had listed above are some of the names we are familiar with. View the whole list here: Jobscentral Retrenchment.