[Employment News] Some 9,990 workers laid off in Singapore
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SINGAPORE: Amid more moderate economic growth, more workers were laid off in 2011, especially in the fourth quarter of the year.
Some 9,990 workers were laid off last year, up slightly from the 9,800 in 2010.
But the Ministry of Manpower (MOM) said seven out of 10 residents who were laid off were re-employed within a year.
This is according to MOM's yearly Redundancy and Re-employment Report.
With a larger employment base, however, the incidence of redundancy dropped.
5.5 workers were laid off for every 1,000 employees in 2011, down from 5.7 in 2010.
Redundancies for the past two years remain substantially lower than the more than 23,000 workers laid off during the recession in 2009.
Mr Yeo Guat Kwang, director, Workplace Safety and Health, NTUC, said: "The economic situation is getting more challenging, and the economic cycle is getting shorter, so it's inevitable that we'll see such figures going up and down.
"Fortunately, I think based on the last two years' figures, we don't have a significant trend to show that it's been getting worse.
"It's important that we continue to strengthen our efforts to strengthen employment and employability capability of all the workers. We need to take good care of those who're affected, although the numbers are still small."
Production, transport operators and cleaning workers formed the largest group of layoffs, at 47.6 per cent.
Professionals, managers, executives and technicians (PMETs) came in second at 41.7 per cent.
The remaining 11 per cent were clerical, sales and service workers.
For companies, restructuring and high labour cost were the top two reasons for laying off workers, followed by high operating cost and business re-organisation.
Singapore National Employers Federation assistant executive-director Tan Kwang Cheak said: "If we look at overall context of how the economy is, how competitive it has been, not only in Singapore but globally, I think companies are constantly looking for ways to restructure, to improve their processes, to, in essence, be more competitive as they seek greater growth.
"So I think it reflects that ongoing process for companies."
In addition, the manpower report said the average time a laid-off worker took to find a job, was about two months.
Those in clerical, sales and service jobs, as well as those who're younger, took the shortest time.
Data showed re-entry into employment has been improving for the past three years.
Seventy per cent of residents laid off in the first three quarters of 2011 found jobs within a year, up from 66 per cent in 2010, and 65 per cent in 2009. -
Now u know why 2012 u see so many Sonata cut in and out ?
Now u know why 2012 CDG announce Sonata to be lease out at rental $120 per day ?
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So it's Mr Poolman the main culprit for telling people to drive a cab ?
Do i need to tell people when 9900 people were laid off last year , to drive a taxi ?
Nope , their wife will tell them to do so !
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I told u guys before , it's society's fault .
Government's fault .
Citizen's fault , those blindfolded 60.1% .
These 60.1% haven't kena retrench yet , kena retrench then u know that vote doesn't count much for you .
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Some of these 9900 will apply for new jobs , got in , and got someone else sacked instead .
Those sacked one , one by one . . . found other alternatives .
I believe taxi driving were one of the alternatives .
Easily the easiest alternatives .
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Originally posted by Poolman:
Nope , their wife will tell them to do so !
this part damm true man!! -
For the whole of last years over 100,000 new jobs was created, retrenchment is an on going process, economy is still booming, sing dollar is appreciating, in economy sense, this are part and parcel of the process, what is 9990? casinos and the coming new parks and attraction need 60,000.
The problem with it is they never tell us if they retrenched singaporean or foreigners, if singaporeans over 40s, most do not want to upgrade or change to suit new trade, or put into train and place scheme, so end up dangling in the street and find TD is the best option. Free and easy.
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Originally posted by bowah:
For the whole of last years over 100,000 new jobs was created, retrenchment is an on going process, economy is still booming, sing dollar is appreciating, in economy sense, this are part and parcel of the process, what is 9990? casinos and the coming new parks and attraction need 60,000.
The problem with it is they never tell us if they retrenched singaporean or foreigners, if singaporeans over 40s, most do not want to upgrade or change to suit new trade, or put into train and place scheme, so end up dangling in the street and find TD is the best option. Free and easy.
and y retrench?? cause they can find cheaper FTs to replace us.....PHUi!!!!
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Government reports on Economic Growth, Employment level, etc. all big bunch of bullshit.
I stop reading them.
If you read them, and as a SIngaporean at the ground level kowing that all these are lies, you feel very agitated and super unhappy.
What can you do?
I did my part, but 60% not yet wake up and do their part.
Just avoid the news, do something simple to earn a living, and (try) to be happy.
Because OUR Goberment is not going to do anything to help US.
Re-training, re-employ are all bullshit too, so as to quiet down people like you and me.
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Times are bad.
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Life is tough in sg.
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Originally posted by StriveOn:
Government reports on Economic Growth, Employment level, etc. all big bunch of bullshit.
I stop reading them.
If you read them, and as a SIngaporean at the ground level kowing that all these are lies, you feel very agitated and super unhappy.
What can you do?
I did my part, but 60% not yet wake up and do their part.
Just avoid the news, do something simple to earn a living, and (try) to be happy.
Because OUR Goberment is not going to do anything to help US.
Re-training, re-employ are all bullshit too, so as to quiet down people like you and me.
totally agree with u bro~~~