A Singapore Government Agency Website
This annual report goes beyond the quarterly reporting in the Labour Market Reports to provide additional analysis on the incidence of redundancy, reasons for redundancy, profile of establishments with redundancy, time taken to secure re-entry into employment and the shift in industry among those who re-entered employment.
Key findings: Redundancies in 2015 were mainly due to on-going business restructuring and softer economic conditions. Residents continued to be less vulnerable to redundancy than foreigners. Even though more people were laid off each year, the unemployment rate remained low, and job vacancies continued to outnumber job seekers.
Released on: 20 April 2016