Latest statistics from the Ministry of Manpower indicate that redundancies in 2015 reached 10,160 in the 9 months up to September.
Unlike earlier years when redundancies mostly affected the manufacturing and construction sector, recent redundancies seem to suggest that PMETs and workers in the services sector are feeling the heat more. The transport and storage, financial and insurance, and professional services sectors have seen large numbers of redundancies this year.
Data source: Manpower Research and Statistics Department, Ministry of Manpower, Singapore
Redundancy = Retrenchment + Early Release of Contract Workers