More job losses expected

UNEMPLOYMENT and retrenchment rates in the first three months of this year are likely to be higher than in the last three months of last year, Manpower Minister Gan Kim Yong said on Sunday.
Speaking to reporters ahead of the release of the first quarter’s figures this month, he said the economy was not out of [...]

16,880 lost jobs last year

REDUNDANCIES nearly tripled from 3,180 in the third quarter of last year to a record quarterly high of 9,410 workers in the fourth quarter as the global economic downturn worsened.
For the whole of 2008, a total of 16,880 workers were made redundant, comprising 13,920 workers retrenched and 2,970 workers whose contracts were terminated prematurely, according [...]

Singapore job prospects head the bleak charts

Manpower survey indicates it could be worst job market among 33 surveyed
(SINGAPORE) It’s already bad enough. But Singapore’s job market is going to get even worse in the next three months as half of 636 employers polled indicated they are going to cut staff, according to the latest Manpower Employment Outlook Survey.
Singapore’s net employment outlook [...]

[Survey] Half of us would work for less pay, if job was good

TOUGH times or not, half of Singapore’s workers say they would work for less pay if they found real value in what they did.
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:Among them, baby boomers (60 per cent) are more willing to sacrifice their salary than Gen Y employees (47 per cent).
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But overall, these workers are ranked lower after those in China, India, [...]

20,000 may lose jobs if rent remains high

SINGAPORE: The Singapore Retailers Association (SRA) says that 20,000 employees may be retrenched as a result of store closures, if landlords do not lower rentals.
It says members’ income has contracted by 20 to 30 per cent over the last few months, and that margins are now almost negligible, if not negative.
Yet, rental rates have not [...]

Salaries to stay stable this year, some drops in financial sector: survey

EXECUTIVES, professionals and managers can breathe a little easier: despite job cuts and hiring freezes, salaries have not dropped.
International recruitment firm Robert Walters, which released its annual salary survey on Wednesday, said it found ’salaries in Singapore are at least holding relatively steady’.
The only exception is in financial services, which ‘continues to be extremely tough’.
The [...]

Singapore may lose 99,000 jobs

SINGAPROE may lose 99,000 jobs amid the nation’s worst economic slump, pushing the jobless rate to 5 per cent by mid-2010, said DBS Bank in a report on Wednesday.
DBS also said the economy may contract 4.8 per cent this year, down from its earlier forecast of 3.3 per cent.
‘Singapore is likely to experience its worst [...]

Advertisements for professional jobs drop 41%

SINGAPORE: The figures confirm what job seekers already knew – jobs were not available in plenty towards the end of last year. And those available were for people who could deliver quick results.
From October to December last year, the number of jobs advertised for professional roles in Singapore fell by a hefty 41 per cent [...]

Unemployed in Asia could surge by 23 million in 2009

The number of people out of work in Asia could surge by 23.3 million this year as the global financial crisis continues to batter the region’s economies, according to a study released Wednesday.
The crisis could also force rural-to-urban migration to slow down, with many facing the prospect of returning to low-paying agricultural sector as factories [...]

Smaller firms unlikely to axe jobs

…But most expect growth to slow; business confidence level falls too.
MOST smaller firms here are unlikely to slash jobs during the first half of this year, but are under no illusion about the scale of the slowdown, says a survey.
The twice-yearly HSBC poll of small businesses in Asia found that 87 per cent of those [...]