More than 5,000 Singaporeans retrenched in first half of 2020
5,280 Singaporeans were retrenched between January and June this year, Manpower Minister Josephine Teo revealed the preliminary figures in Parliament on September 4.
Teo added that about 11,000 citizens were placed on unpaid leave compared with 33,000 non-citizens in the same period.
The Ministry of Manpower (MOM) estimates there to be 90,500 unemployed Singaporeans and permanent residents in June this year, an increase of 16,600 from December last year, she said.
She also shared that the proportion of those unemployed aged 50 and over is at one in three workers, compared to about one in four persons in the resident workforce is aged 50 and over.
“Based on the latest available data on the duration of unemployment, the median period for residents aged 50 and over was 12 weeks. This had been broadly stable for a number of years,” Teo said.
Teo will be speaking at the HR Tech Festival Asia Online 2020 from September 29 to October 1. Register for FREE here.