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Skip Navigation LinksLabour Market Statistics and Publications > Summary Table: Retrenchment
Summary Table: Retrenchment
Released on:29/10/2024 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 imp​act of an economic downturn or restructuring on workers and in identifying industries which are re-structuring or ailing.​

As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an assessment by Ernst and Young Advisory Pte Ltd.​​

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​​Retrenchment 
Number
Year 20​14 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Annual ​12,930 15,580 19,170 14,720 10,730 10,690 26,110 8,020 6,440
 14,590
 n.a.  
  1st Qtr 3,110 3,500 4,710 4,000 2,320 3,230 3,220 2,270 1,320
 3,820 3,03​0 
  2nd Qtr 2,410 3,250 4,800 ​3,640 3,030 2,320 8,130 ​​​2,340 830
 3,200
 3,270 
  3rd Qtr 3,500 3,460 4,220 3,400 2,860 2,470 9,120 1,900 1,300
 4,110​
 2,900P
  4th Qtr 3,910 5,370 5,440 3,680 2,510 2,670 5,640 1,500 2,990
 3,460
 n.a.  
Number of Retrenchments
Per 1,000 Employees		 6.3 7.4 8.9 7.0 5.1 5.1 12.8 4.4​ 3.1
 6.7 
 n.a.  
Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

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
 
 

 More links:

 

Retrenchment of Permanent Employees

Number

Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 Annual 10,910 13,440 16,810 12,880 9,610 9,810 22,540 7,480 5,560 13,830 n.a.  
  1st Qtr 2,590 2,940 4,090 3,480 2,050 3,010 3,040 2,190 1,260 3,600 2,950 
  2nd Qtr 2,010 2,900 4,400 3,120 2,760 2,120 7,240 2,170 780 3,000
 3,130 
  3rd Qtr 3,110 2,760 3,520 2,920 2,560 2,240 8,140 1,690 1,090 3,930 2,800P
  4th Qtr 3,200 4,850 4,810 3,350 2,230 2,440 4,120 1,420 2,430 3,290
 n.a.  
Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

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
 
 
 

 More links:

 

Retrenchment of Term Contract Employees

Number

Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 Annual 2,020 2,140 2,360 1,840 1,120 880 3,580 540 880 760
 n.a.
  1st Qtr 520 570 620 510 270 220 190 80 60
 220 80 
  2nd Qtr 390 350 400 520 270 200 880 170
 40 200 140 
  3rd Qtr 390 700 710 480 300 230 990 210 210 180 100P
  4th Qtr 710 520 630 330 280 240 1,520 80 560 160 n.a.
Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

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​
 
 
 

 More links: