Chipmakers look into layoffs in Singapore but no major job cuts for now

Uncertainty continues to weigh on the semiconductor sector, which made up nearly a third of manufacturing output last year.
Uncertainty continues to weigh on the semiconductor sector, which made up nearly a third of manufacturing output last year.PHOTO: REUTERS

Others freezing headcounts as US-China trade war hits S'pore semiconductor firms

Some firms within Singapore's semiconductor industry are looking into laying off staff while others are freezing headcounts as the trade war between China and the United States exacts its toll. There is no talk of mass retrenchments for now, but outputs have been hit.

While factories here typically produce at up to 80 per cent of their capacity at this time of the year, some are now running at about 20 percentage points below that, said Mr Ang Wee Seng, executive director of the Singapore Semiconductor Industry Association (SSIA). But this does not usually lead to job cuts, he added.

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A version of this article appeared in the print edition of The Straits Times on July 26, 2019, with the headline 'Chipmakers look into layoffs but no major job cuts for now'. Print Edition | Subscribe