Singapore has undergone the fourth consecutive year of unemploymentescalation, spurred by the nation’s economic restructuring, announcedthe Ministry of Manpower (MOM) on April 23.
According to theMOM’s report, 13,000 people in Singapore lost jobs in 2014, comparedwith 11,560 in 2013. However, unemployment rate among Singaporeancitizens dipped against 2013.
The result was buoyed by the staffredundancies in most service enterprises, which are under restructuringfor greater work efficiency.
Unemployment was also recorded in the construction sector due to the decline in private building productivity.
Professionals,managers, executives and technicians (PMETs) were once again the mostvulnerable to layoffs, accounting for 51 percent of the totalunemployment.
However, the MOM said that number of redundantemployees, likely to be back in work six months later, increased inthree consecutive quarters, up to 59 percent in December 2014.-VNA
According to theMOM’s report, 13,000 people in Singapore lost jobs in 2014, comparedwith 11,560 in 2013. However, unemployment rate among Singaporeancitizens dipped against 2013.
The result was buoyed by the staffredundancies in most service enterprises, which are under restructuringfor greater work efficiency.
Unemployment was also recorded in the construction sector due to the decline in private building productivity.
Professionals,managers, executives and technicians (PMETs) were once again the mostvulnerable to layoffs, accounting for 51 percent of the totalunemployment.
However, the MOM said that number of redundantemployees, likely to be back in work six months later, increased inthree consecutive quarters, up to 59 percent in December 2014.-VNA
