Restructuring leads to higher incidence of layoffs in 2012

    Kerry Consulting

    Economic restructuring and slower growth has taken a heavier toll on Singapore workers, especially those in the services sector, and professionals, managers, executives and technicians (PMETs) who made up more than half of all layoffs last year.

    More workers were made redundant – either retrenched or released early from contracts – last year as layoffs also grew a little more widespread. For every 1,000 employees, 5.8 were laid off, up from 5.5 in 1,000 in 2011.

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