Chart of the Day: Construction sector retrenchments fell to 800 in 2019
It took up about 7.5% of all layoffs in Singapore.
This chart from the Ministry of Manpower (MOM) revealed that the number of retrenchments in the construction sector fell from 1,200 in 2018 to around 800 in 2019, based on preliminary estimates. In Q4, layoffs in the sector rose to 200 compared to 160 in Q3.
The sector formed about 7.5% of retrenchments in Singapore during the year, when it held steady at 10,700 compared with the 2018 figure.
In contrast, retrenchments in the manufacturing sector rose from 2,570 to 2,800 over the same period.