• About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

MOM: Retrenchment more than doubled to 8,130 in Q2, bringing the total retrenchment to 11,350 in first half of 2020

by S.Ling
15/09/2020
in Labour
Reading Time: 2 mins read
9

In the latest Ministry of Manpower (MOM)’s labour market report released on Monday (14 September), it revealed that the retrenchment more than doubled to 8,130 in the second quarter of 2020 from the first quarter figure of 3,220.

This brought the total number of retrenchments in the first half of 2020 to 11,350, said MOM on its report.

It also noted that the retrenchments in second quarter of 2020 were now higher than the peak during the SARS period, but remained lower than the all-time high of the Global Financial Crisis.

According to the report, the unemployment rates for Singaporeans rose to 4.3 per cent in July, up from 4.0 per cent in June and 3.5 per cent in March, with the overall of unemployment rate – combining locals and foreigner – rose to 3.0 per cent in July, up from 2.8 per cent in June and 2.4 per cent in March.

In June, the number of unemployed Singaporeans rose to 78,800, up from 66,900 in March while the foreigner rose to 89,700, up from 76,200 in March.

MOM also said that the Department will be releasing the unemployment rates on a monthly basis to “detect shifts in the employment situation in a more timely manner”.

Meanwhile, MOM revealed that the total employment, excluding foreign domestic workers, fell by its sharpest on record to 103,500 in the second quarter of the year, bringing the total employment decline to 129,100 in the first half of the year.

It added that the fall in foreign employment which is 5.7 per cent or 66,400, was steeper than that fall in locals, which is 2.7 per cent or 62,700.

For the number of employees placed on short work-week or temporary layoff, there was a significant increase from 4,190 in first quarter of the year to 81,720 in second quarter of the year, MOM said.

Hence, total of 85,910 employees were placed on short work-week or temporary layoff in the first half of 2020, with 42,190 were placed on short work-week and 43,720 on temporary layoff.

It also noted that Singaporeans and permanent residents accounted for 26,130 of those who placed on short work-week, while foreigners accounted for 30,830 of those on temporary layoff.

For just US$7.50 a month, sign up as a subscriber on The Online Citizen Asia (and enjoy ads-free experience on our site) to support our mission to transform TOC into an alternative mainstream press.

Related Posts

Keppel O&M’s involvement in Brazil’s massive corruption scandal
Business

Keppel Offshore & Marine paid fines and damages of US$65 million to Brazilian authorities over corruption case

30/01/2023
Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit
Malaysia

Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit

30/01/2023
TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport
Comments

TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport

30/01/2023
Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY
Politics

Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY

30/01/2023
Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber
Comments

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

30/01/2023
Opposition parties greet Singaporeans during CNY festive season
Politics

Opposition parties greet Singaporeans during CNY festive season

30/01/2023
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
Connect withD
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
9 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Latest posts

Keppel O&M’s involvement in Brazil’s massive corruption scandal

Keppel Offshore & Marine paid fines and damages of US$65 million to Brazilian authorities over corruption case

30/01/2023
Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit

Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit

30/01/2023
TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport

TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport

30/01/2023
Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY

Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY

30/01/2023
Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

30/01/2023
Opposition parties greet Singaporeans during CNY festive season

Opposition parties greet Singaporeans during CNY festive season

30/01/2023
Big C and DHL Supply Chain Thailand deploys electric trucks in joint collaboration to reduce carbon emissions

Big C and DHL Supply Chain Thailand deploys electric trucks in joint collaboration to reduce carbon emissions

30/01/2023
Gandhi’s killer a hero to India’s diehard Hindu nationalists

Gandhi’s killer a hero to India’s diehard Hindu nationalists

30/01/2023

Trending posts

Two Indian nationals paid about S$330 and S$730 respectively for forged certificates submitted in their S-Pass application

MOM found issuing EPs meant for foreign PMETs to PRC waitress and general worker

by Correspondent
26/01/2023
40

...

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

by Yee Loon
26/01/2023
24

...

Ho Ching breaks silence over Temasek’s write down of its US$275 million investment in FTX, says it “can afford to be contrarian”

US regulator questions VCs’ due diligence work prior to investing in FTX; Ho Ching says Temasek can afford to be contrarian

by The Online Citizen
24/01/2023
28

...

Indian rupee falls 60% since signing of CECA while Singapore becomes top investor in India

by Correspondent
25/01/2023
59

...

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

by The Online Citizen
26/01/2023
49

...

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

by Yee Loon
30/01/2023
10

...

September 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930  
« Aug   Oct »
  • About Us
  • Subscribe
  • Letter submission
  • Contact Us

© 2006 - 2021 The Online Citizen

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2006 - 2021 The Online Citizen

wpDiscuz