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Summary Table: Retrenchment
Released on:15/3/2023 10:20 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.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

​​Retrenchment 
Number
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Annual 11,010 11,560 ​12,930 15,580 19,170 14,720 10,730 10,690 26,110 8,020 6,440
  1st Qtr 2,600 2,120 3,110 3,500 4,710 4,000 2,320 3,230 3,220 2,270 1,320
  2nd Qtr 2,210 3,080 2,410 3,250 4,800 ​3,640 3,030 2,320 8,130 ​​​2,340 830
  3rd Qtr 2,850 2,710 3,500 3,460 4,220 3,400 2,860 2,470 9,120 1,900 1,300
  4th Qtr 3,350 3,660 3,910 5,370 5,440 3,680 2,510 2,670 5,640 1,500 2,990
Number of Retrenchments
Per 1,000 Employees		 5.8 5.8 6.3 7.4 8.9 7.0 5.1 5.1 12.8 4.4​ 3.1
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

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

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
 
 

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Retrenchment of Permanent Employees

Number

Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
 Annual 9,670 10,540 10,910 13,440 16,810 12,880 9,610 9,810 22,540 7,480 5,560
  1st Qtr 2,280 2,010 2,590 2,940 4,090 3,480 2,050 3,010 3,040 2,190 1,260
  2nd Qtr 1,970 2,820 2,010 2,900 4,400 3,120 2,760 2,120 7,240 2,170 780
  3rd Qtr 2,430 2,390 3,110 2,760 3,520 2,920 2,560 2,240 8,140 1,690
 1,090
  4th Qtr 2,990 3,320 3,200 4,850 4,810 3,350 2,230 2,440 4,120 1,420 2,430
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

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

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
 
 
 

 More links:

 

Retrenchment of Term Contract Employees

Number

Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
 Annual 1,340 1,030 2,020 2,140 2,360 1,840 1,120 880 3,580 540 880
  1st Qtr 320 120 520 570 620 510 270 220 190 80 60
  2nd Qtr 250 260 390 350 400 520 270 200 880 170
 40
  3rd Qtr 420 320 390 700 710 480 300 230 990 210 210
  4th Qtr 360 330 710 520 630 330 280 240 1,520 80 560
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Source: Labour Market Survey, Manpower Research & Statistics Department, MOM ​
Latest figures published in: Labour ​Market Re​p​ort

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​
 
 
 

 More links:

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