2 in 5 workers retrenched in Q1 found jobs by June: MOM

The survey found that 39 per cent of retrenched workers were able to find jobs by June this year. PHOTO: ST FILE

Retrenched workers in Singapore were able to find jobs despite weaker hiring sentiments, according to a survey released yesterday by the Manpower Ministry (MOM).

Thirty-nine per cent of workers who were laid off in the first quarter of this year were able to find jobs by June. In 2018, 47 per cent of workers retrenched in the first quarter had found jobs by June that year.

"It was a drop, but it didn't fall off the cliff," Manpower Minister Josephine Teo noted yesterday.

The survey of 2,160 Singaporeans and permanent residents also found that 60 per cent of those who had found jobs by June this year did not take a pay cut of more than 5 per cent.

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A version of this article appeared in the print edition of The Straits Times on September 08, 2020, with the headline 2 in 5 workers retrenched in Q1 found jobs by June: MOM. Subscribe