Fewer workers were laid off in the last quarter of 2009 compared to early part of the year, and redundancies stayed below previous recession levels, said the Manpower Ministry on Monday.
Some 2,220 employers lost their jobs in the fourth quarter, down for the third successive quarter.
For the whole year, over 23,000 workers - or 14 in every 1,000 employees - were made redundant, below previous recession levels of 33 and 26 per 1,000 employees in 1998 and 2001 respectively.
The numbers include those who were retrenched or had their contracts prematurely terminated.
Professionals, Managers, Executives & Technicians (PMETs) were especially hard hit, with 9,570 suffering job losses in 2009. This was up from 6,200 in 2008.
The bulk of lay-offs came in the manufacturing sector, where six in 10 workers faced the axe.
Of those laid off, Singapore residents formed six in 10 of them, about the same as in 2008, said MOM.
More than half of those who lost their jobs in the third quarter of last year were re-employed by the year-end.
The 52 per cent re-employment rate improved from the 43 per cent in June last year.
However, those who found jobs within six months of redundancy was still lower than in 2008.
Nearly two thirds of Singapore residents made redundant in the first three quarters of 2009 were re-employed by December.
The 65 per cent re-employment rate was lower than 2008's 77 per cent but comparable to previous downturns in 2001 (65 per cent) and 1998 (68 per cent).
More details can be found at http://www.mom.gov.sg/mrsd/publication.
- The Straits Times
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