1 in 4 Singaporeans lost their jobs due to COVID-19
The latest survey also revealed that Singaporeans had to work outside of their usual hours such as evenings and weekends during the work-from-home period.
570,000 aviation jobs in the Philippines at risk
The International Air Transport Association (IATA) warns that the aviation industry’s recovery will be long and challenging.
Malaysia’s wage subsidy programme saved 2.4 million jobs
Despite the jobs saved, Malaysia’s unemployment rate is expected to increase in the coming months due to the impact of the COVID-19 pandemic.
Jetstar Asia to cut a quarter of its workforce as part of recovery plan
The job cuts, affecting a mainly Singapore-based workforce, will come from across all parts of the business.
Qantas releases 6,000 workers as part of COVID-19 recovery plan
100 flights will also be grounded for a year as the Australian carrier grapples with economic fallout from C0VID-19.
Over 187,000 Singapore workers’ salaries affected in past 3 months
It makes up about 5% of the country’s workforce, with their salaries cut by up to 25% as a result of cost-saving measures.
Australia’s jobless rate hits two-decade high
The last time the unemployment rate in Australia broke 7% was in October 2001.
Professional services in Australia continue to register layoffs
Deloitte is the latest company to announce job cuts in Australia, joining the likes of PwC and KPMG.
Ride-hailing firm Gojek lays off 430 staff
This comes three months after cutting 25% of its senior management pay and all budgeted salary increases for the year.
Indonesia warns of spike in unemployment rate
The Indonesian government also predicted 4 million to 5.5 million people will lose their jobs this year due to the COVID-19 pandemic.
COVID-19 likely to wipe out growth across Asia-Pacific in 2020
Developing countries in Asia-Pacific will combine for a meagre 0.1% growth this year, said the Asian Development Bank in a new report.
HSBC restarts plan to slash 35,000 jobs
In April, the bank had called a halt on the proposed layoffs, saying it did not want staff to be unable to find work elsewhere.
360 employees let go in Grab layoff
In a blog post, Anthony Tan, Grab’s CEO and co-founder, said this will be the last round of layoff across the organisation this year.
Thai Airways employees’ jobs safe for now
Despite filing for bankruptcy with outstanding debts of 200 billion baht, Thailand’s national carrier said there will be no layoffs for now.
Singapore’s unemployment rate hits decade high
The latest labour market report released by MOM reveals total employment fell by 25,600 in Q1 2020, the largest quarterly contraction on record.
Singapore to create 100,000 jobs in 2021
That will be three times the annual usual number of jobs created as the government looks to help Singaporeans cope with the pandemic.
Most countries set for recession in 2020
The World Bank paints a bleak picture of economic uncertainty as the world economy faces worst recession in 80 years.
Malaysia’s MCO moves into recovery phase
Under the recovery phase, the majority of business activities and economic sectors will reopen in phases, with SOPs to be adhered to.
Japan’s unemployment rate could be higher than reported
Japan reported an unemployment rate of 2.6% in April, which is a figure of envy given the economic impact of the COVID-19 pandemic.
Over 7.3 million jobs lost in the Philippines due to COVID-19
The shutdown of businesses to help curb the outbreak of the pandemic has led to the country’s highest-ever unemployment rate.
Most Malaysian workers have returned to work
As of May 17, more than 65% of Malaysia’s workforce have returned to work, according to Malaysia’s finance minister.
South Korea unveils US$29 billion stimulus budget
Saving jobs is one of the key objectives of the third supplementary budget released by South Korea this year.
1 in 5 Malaysians out of job due to COVID-19
A JobStreet survey also revealed that 35% have suffered a pay cut of more than 30% during the ‘Movement Control Order’ period.
Nearly half of Singaporeans, PRs’ income affected by COVID-19
47% of Singaporeans and PRs have experienced a dip in income such as wage cuts, forced to take no-pay leave or a reduction in commission earnings.
More than 1 in 6 young people jobless due to COVID-19
Among those who have remained in employment, working hours have fallen by nearly a quarter, according to the latest ILO report.
8.4 million jobs in Thailand at risk due to COVID-19
The country’s unemployment rate is also set to increase to 3-4%, a level not seen since the 1997/98 Asian financial crisis.
Singapore’s COVID-19 support measures rise to nearly S$100 billion
The $33 billion Fortitude Budget is the fourth budget introduced this year by the Singapore Government, and will be focused on jobs.
Steve Boese: Make decisions for the long-term
Speaking exclusively at HR Tech Fest Connect 2020, Steve Boese cautioned organisations on how their actions during the COVID-19 pandemic will shape their future.
Airbnb to cut a quarter of its global workforce
The cuts will affect 1,900 staff as the home-sharing company grapples with the impact of the COVID-19 pandemic on the travel industry.
Philippines to create one million jobs as part of COVID-19 recovery plan
The COVID-19 recovery plan, which will cost US$493 million, looks to provide 1 million jobs in provinces and rural areas for workers.