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Summary Table: Retrenchment
Released on:31/1/2024 10:25 AM

​​​Summary Table: Retrenchment

Retrenchment refers to the termination of permanent employees due to redundancy and early termination of term contract employees due to redundancy.

Data on retrenchment are useful in monitoring the impact of an economic downturn or restructuring on workers and in identifying industries which are re-structuring or ailing.

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​​Retrenchment 
Number
Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Annual 11,560 ​12,930 15,580 19,170 14,720 10,730 10,690 26,110 8,020 6,440
14,320P 
  1st Qtr 2,120 3,110 3,500 4,710 4,000 2,320 3,230 3,220 2,270 1,320
3,820  
  2nd Qtr 3,080 2,410 3,250 4,800 ​3,640 3,030 2,320 8,130 ​​​2,340 830
3,200  
  3rd Qtr 2,710 3,500 3,460 4,220 3,400 2,860 2,470 9,120 1,900 1,300
4,110  
  4th Qtr 3,660 3,910 5,370 5,440 3,680 2,510 2,670 5,640 1,500 2,990
3,200P
Number of Retrenchments
Per 1,000 Employees
5.8 6.3 7.4 8.9 7.0 5.1 5.1 12.8 4.4​ 3.1
6.6P 
Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​
Latest figures published in: Labour Market Advance Rele​ase

Notes:
  • Data pertain to private sector establishments (each with at least 25 employees) and the public sector.
  • Data are rounded to the nearest 10. Hence, they may not add up t​o the total.
  • p = Preliminary
  • n.a. = Not available

 

Retrenchment of Permanent Employees

Number

Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
 Annual 10,540 10,910 13,440 16,810 12,880 9,610 9,810 22,540 7,480 5,560 13,530P
  1st Qtr 2,010 2,590 2,940 4,090 3,480 2,050 3,010 3,040 2,190 1,260 3,600 
  2nd Qtr 2,820 2,010 2,900 4,400 3,120 2,760 2,120 7,240 2,170 780 3,000 
  3rd Qtr 2,390 3,110 2,760 3,520 2,920 2,560 2,240 8,140 1,690 1,090 3,930 
  4th Qtr 3,320 3,200 4,850 4,810 3,350 2,230 2,440 4,120 1,420 2,430 3,000P
Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​
Latest figures published in: Labour Market Advance R​elease

Notes:
  • Data pertain to private sector establishments (each with at least 25 employees) and the public sector.
  • Data are rounded to the nearest 10. Hence, they may not add up to the total.
  • p = Preliminary
  • n.a. = Not available

 

Retrenchment of Term Contract Employees

Number

Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
 Annual 1,030 2,020 2,140 2,360 1,840 1,120 880 3,580 540 880 800P
  1st Qtr 120 520 570 620 510 270 220 190 80 60
220 
  2nd Qtr 260 390 350 400 520 270 200 880 170
40 200 
  3rd Qtr 320 390 700 710 480 300 230 990 210 210 180 
  4th Qtr 330 710 520 630 330 280 240 1,520 80 560 200P
Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2022

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​
Latest figures published in: Labour Market Advance Release

Notes:

  • Data pertain to private sector establishments (each with at least 25 employees) and the public sector.
  • Data are rounded to the nearest 10. Hence, they may not add up to the total.
  • p = Preliminary
  • n.a. = Not available​
 
 
 

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