While fresh graduates have difficulty getting a job, Professionals, Managers, Executives and Technicians (PMETs) with decent work experience struggle to remain in the workforce. Retrenchments in Singapore rose in 1Q2019 to 3,230, from 2,510 in 4Q2018, driven by losses in the manufacturing sector, with production and related workers in electronics the most affected, the Ministry of Manpower (MOM) said in its Labour Market Report for 1Q.

 The electronics sector accounted for 18% of retrenchments, followed by the services industries such as wholesale trade, which accounted for 16% of layoffs. The transport and storage sector had the lowest rate of retrenchment at 10%.

 “While restructuring and reorganisation remained the main reason cited by establishments for retrenchments, there was a rise in the share of retrenchments from the previous quarter due to high costs and the downturn in the industry,” the report said.

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