HR & EDUCATION | Staff Reporter, Singapore

70% of laid off employees in Q3 were PMETs

They mostly came from the wholesale trade and financial services sector.

Despite unchanged levels of unemployment rate, there were a total of 3,400 laid off employees this year with more than a half (70%) from the professionals, managers, executives and technicians (PMETs) sector, according to the Ministry of Manpower Q3 Labour Market Report.

Of those, 14% were from wholesale trade and 13% for financial services. 

Overall, retrenchment levels fell 24% YoY this year partially due to increased hiring levels in the manufacturing sector (from 840 to 730).

Cumulatively, a total of 11,040 were laid off in the first three quarters of the year, lower by a fourth (24.37%) than last year.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.