26 Apr '11, 3am

Number of laid off workers hits new low in 2010, more also finding new jobs within shorter period of time: MOM

Number of laid off workers hits new low in 2010, more also finding new jobs within shorter period of time: MOM

People wait to sign up at a job fair in Singapore. The number of laid off workers hit a new low in 2010, with more finding new jobs within a shorter period of time, the Ministry of Manpower said in a report. -- ST PHOTO: MUGILAN RAJASEGERAN THE number of laid off workers hit a new low in 2010 amid robust economic performance. More also found new jobs within a shorter period of time. Only 9,800 workers were laid off in 2010, down from 23,430 during the 2009 recession, according to findings released on Tuesday by the Ministry of Manpower (MOM) in a report - Redundancy and Re-employment, 2010. This means that 5.7 workers were made redundant for every 1,000 employees, less than half the 14 per 1,000 incidence rate in 2009. The lowest ever recorded was 6 per 1,000 in 2007 (the redundancy data series started only in 1998). Workers from the manufacturing sector remained the most ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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