22-03-2016, 06:04 PM
More layoffs expected this year
More layoffs are likely to come this year, though many firms are preparing to weather the economic slowdown by redeploying workers and reducing costs.
Layoffs climbed 20 per cent to 15,580 last year, while job vacancies fell, according to statistics released by the Manpower Ministry last Tuesday.
More than half the jobs lost were from the service sector, especially professional services, wholesale trade and financial services.
A third were in manufacturing and about 10 per cent in construction.
Professionals, managers, executives and technicians also made up over 70 per cent of those made redundant.
http://www.straitstimes.com/singapore/mo...-this-year
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ouch, recession coming, store up your cash to buy new car when COE hit below 10k again lol...
More layoffs are likely to come this year, though many firms are preparing to weather the economic slowdown by redeploying workers and reducing costs.
Layoffs climbed 20 per cent to 15,580 last year, while job vacancies fell, according to statistics released by the Manpower Ministry last Tuesday.
More than half the jobs lost were from the service sector, especially professional services, wholesale trade and financial services.
A third were in manufacturing and about 10 per cent in construction.
Professionals, managers, executives and technicians also made up over 70 per cent of those made redundant.
http://www.straitstimes.com/singapore/mo...-this-year
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ouch, recession coming, store up your cash to buy new car when COE hit below 10k again lol...
