Our expert says:
If the company is experiencing severe financial problems, has already retrenched some people and has announced they are preparing a second list - they must surely know that ALL employees would be sensible to be looking for alternative jobs - and indeed, people who find a good job will save the company the unpleasantness of retrenching someone else.
There is no possible ground for them to object to your seeking other jobs, or going for interviews. They should not pealize anyone in any way for doing so.
Otherwise, I agree with maria
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