labour
MOM report reveals 14,320 retrenched in 2023, more than double previous year
Singapore witnessed a significant surge in retrenchments in 2023, more than doubling from the previous year to reach 14,320, as reported in MOM’s Labour Market Advance Release Fourth Quarter 2023.
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SINGAPORE: Retrenchments in Singapore for the year 2023 more than doubled compared to the previous year.
The number of retrenchments rose to 14,320, up from 6,440 in the preceding year, according to Labour Market Advance Release Fourth Quarter 2023 released by the Manpower Ministry (MOM) on Wednesday (31 January).
MOM added that the Labour Market Report for the Fourth Quarter of 2023, scheduled for release in mid-March 2024, will offer an in-depth analysis of the labour market, encompassing detailed insights into 4Q 2023 and the entire year.
The report will present a comprehensive breakdown of resident and non-resident employment, sectoral statistics, job vacancies, labour turnover, and the re-entry rates of retrenched residents.
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After 6 months , if these retrenched locals still are jobless, they would not form part of the data to indicate how many locals are unemployed for 2024.
Magic eh?
Now you wonder why so many locals are doing food delivery and PHV!😆😆😆🤣🤣🤣
Can this be an indication that SG has entered into a period of stagflation with increasing COL and GDP growth continue to hover near zero.It’s time for the incumbent to completely reverse all failed policies which have created the sad economic situation SG are now facing before it’s too late comes the impending GE.
CPF still indicate they gave me $1900 for support when I didn’t receive a cent. Their data cannot be trusted!
Are you sure so little?!? Just like how they give support …only eligible household. I bet their counting is not even accurate. Maybe only count civil servants etc … Trust them to publish data?!?
Those 14,320 retrenched ones will be under MOM’s radar for only 6 months.
Should all of them fail to find a job within that period, MOM will write them off.
And boast afterwards a 0% unemployment rate.
WELL DONE !!!
1 Well known to disburse fake (partial truths) news when it’s not positive.
2. Since when last Half A Century, they own up to mistakes, pertinently and directly without twisted slang or bombastic meaningleas words.
3. No Blame Culture embedded in their culture – do one expect honesty, even in statistics?
4. In power for so long is NO FLUKE, but by lies and frauds is the order of the day, days.